Reliance Infrastructure rose 0.94% to Rs 390.90 at 13:51 IST on BSE, off day's low, after consolidated net profit surged 76.4% to Rs 725 crore on 13.29% fall in total operating income to Rs 6187 crore in Q4 March 2013 over Q4 March 2012.
The company announced the result during market hours today, 14 May 2013.
Meanwhile, the S&P BSE Sensex was up 81.39 points or 0.41% at 19,772.19.
On BSE, 11.31 lakh shares were traded in the counter as against average daily volume of 7.03 lakh shares in the past one quarter.
The stock fell as much as 2.34% at the day's low of Rs 378.20. The stock hit a high of Rs 397 so far during the day. The stock had hit a 52-week low of Rs 315 on 28 March 2013. The stock had hit a 52-week high of Rs 579.30 on 5 July 2012.
The stock outperformed the market over the past one month till 13 May 2013, rising 11.52% compared with the Sensex's 7.94% gain. The scrip, however, underperformed the market in past one quarter, sliding 19.29% as against Sensex's 0.43% rise.
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The company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.
On a consolidated basis, Reliance Infrastructure's net profit rose 41.59% to Rs 2247 crore on 7.57% fall in total operating income to Rs 22382 crore in the year ended 31 March 2013 over the year ended 31 March 2012.
Reliance Infrastructure said it is conservatively financed with debt to equity ratio of 0.87 as on 31 March 2013.
Reliance Infrastructure is India's leading utility company having presence across the value chain of power business i.e. generation, transmission, distribution, EPC and trading. The company also undertakes infrastructure sector projects i.e. roads, highways, metro rail, airports and real estate.
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