Book profits in Reliance Capital at higher levels: Mirani

Nooresh Mirani, AVP Technical of AMSEC Research told CNBC-TV18, "Technically, Reliance Capital has formed a good base around Rs 300 to Rs 320 zone, so that is the support on the downside. One should look to book profits in the stock at Rs 360 or higher levels."

At 15:24 hrs Reliance Capital was quoting at Rs 346.05, up Rs 6.70, or 1.97 percent. It has touched an intraday high of Rs 349.80 and an intraday low of Rs 340.35. The share touched its 52-week high Rs 508.00 and 52-week low Rs 290.00 on 07 January, 2013 and 28 August, 2013, respectively. Currently, it is trading 31.88 percent below its 52-week high and 19.33 percent above its 52-week low. Market capitalisation stands at Rs 8,518.37 crore.