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Reliance Infra declines after Q3 results
Reliance Infrastructure fell 1.05% to Rs 532.95 at 13:12 IST on BSE after consolidated net profit jumped 78.28% to Rs 727.94 crore on 12.26% decline in total income to Rs 5,544.80 crore in Q3 December 2012 over Q3 December 2011.
The result was announced during trading hours today, 28 January 2013.
Meanwhile, the BSE Sensex was up 11.45 points, or 0.06%, to 20,114.98.
On BSE, 4.58 lakh shares were traded in the counter as against an average daily volume of 3.36 lakh shares in the past one quarter.
The stock hit a high of Rs 544.90 and a low of Rs 524.15 so far during the day. The stock had hit a 52-week high of Rs 679.70 on 6 March 2012. The stock had hit a 52-week low of Rs 416.10 on 4 June 2012.
The stock had outperformed the market over the past one month till 25 January 2013, rising 4.42% compared with the Sensex's 4.41% rise. The scrip had also outperformed the market in past one quarter, rising 7.55% as against Sensex's 7.17% rise.
The large-cap company has an equity capital of Rs 262.99 crore. Face value per share is Rs 10.
Reliance Infrastructure (RInfra) is India's leading utility company having presence in across the value chain of power business i.e. Generation, Transmission, Distribution, EPC and Trading and the largest infrastructure company by developing projects in all high growth areas in infrastructure sector i.e. Roads, Highways, Metro Rails, Airports and Speciality Real Estate.
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