Religare Enterprises shares rise 9% over two days as Asish Dhawan increases stake
Quick Look
- Religare Enterprises shares gained nearly 9% over two sessions after ace investor Asish Dhawan bought 18 lakh shares on August 28 and 16.98 lakh on August 31, according to NSE bulk deal data.
- The company reported Q1 FY27 results with 26% YoY growth in consolidated total income to Rs 2,358.43 crore, though PAT turned to a loss of Rs 46.98 crore.
- Subsidiaries like Care Health Insurance and Religare Broking showed strong growth in income and profitability.
AI-generated summary
Why It Matters
Religare Enterprises is a diversified financial services company with interests in insurance, broking, and lending. The stock had been under pressure prior to recent buying by ace investor Asish Dhawan, who increased his stake over two consecutive sessions.
Shares of Religare Enterprises rallied as much as 4.5% to hit a day’s high of Rs 254 on the BSE on Tuesday after ace investor Asish Dhawan bought shares for the second consecutive session, according to NSE bulk deal data. With Tuesday’s gain, the stock has risen nearly 9% over the two sessions.
According to the NSE, Dhawan bought 18 lakh shares at an average price of Rs 232 apiece on August 28 and another 16.98 lakh shares at Rs 237 apiece on August 31. Earlier shareholding data showed that Dhawan held a 5.24% stake in the company.
Per Trendlyne, Dhawan’s total stock portfolio is worth over Rs 2,500 crore. During the first quarter, the investor likely exited Equitas Small Finance Bank and marginally upped stake in IIFL Finance and Bluspring Enterprises.
Religare Enterprises Q1 results
The company, with a market cap of over Rs 8,000 crore, reported a 26% year-on-year growth in consolidated total income to Rs 2,358.43 crore in Q1 FY27, compared with Rs 1,876.25 crore in Q1 FY26.
Consolidated PAT stood at a loss of Rs 46.98 crore in Q1 FY27, against a profit of Rs 8.12 crore in the year-ago quarter. Care Health Insurance raised Rs 150 crore through a rights issue in June 2026, with REL subscribing to shares worth Rs 119.68 crore. Meanwhile, the broking business reported total income of Rs 99.5 crore in Q1 FY27, registering a 7% year-on-year growth.
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Commenting on the company's performance, Arjun Lamba, Managing Director, Religare Enterprises Limited, said Q1 FY27 represented a quarter of deliberate and measured progress, with the company focused on building strong foundations rather than pursuing short-term headlines.
He said capital had been deployed across the group, the leadership architecture had been completed, and governance standards had been elevated to institutional levels. According to Lamba, every business is well-capitalised and ready to scale.
Q1 business highlights
Care Health Insurance Limited (CHIL) reported a 37% year-on-year increase in Gross Written Premium to Rs 3,247 crore in Q1 FY27. Profit Before Tax (PBT) rose 59% YoY to Rs 163 crore.
Religare Broking Limited (RBL) reported total income of Rs 99.5 crore in Q1 FY27, marking a 7% YoY growth. Profit After Tax (PAT) increased 65% YoY to Rs 7.5 crore during the quarter.
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Religare Finvest Limited (RFL) recorded total income of Rs 14.4 crore in Q1 FY27, while PAT stood at Rs 15.1 crore, supported by strong recoveries.
Religare Housing Development Finance Corporation Limited (RHDFCL) reported total income of Rs 7.4 crore in Q1 FY27, with Assets Under Management (AUM) at Rs 247 crore.
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What to Watch
AI outlook — possibilities, not facts
Religare Enterprises stock may continue to rise if Asish Dhawan maintains buying momentum and subsidiaries sustain growth.
Possible · Within weeks
Open Questions
- What is the long-term strategy for Religare Enterprises' loss-making segments?
- Will Asish Dhawan continue to increase his stake in the company?
- How will the company deploy capital across its subsidiaries in the coming quarters?
