Reliance Infrastructure gained 2.44% to Rs 379.75 at 14:28 IST on BSE on bargain hunting after sliding 18.62% in prior twelve trading days.
Meanwhile, the BSE Sensex was up 171.40 points, or 0.64%, to 26,984.82
On BSE, so far 3.12 lakh shares were traded in the counter, compared with an average volume of 3.74 lakh shares in the past one quarter.
The stock hit a high of Rs 382.70 and a low of Rs 367 so far during the day. The stock hit a 52-week high of Rs 820 on 10 June 2014. The stock hit a 52-week low of Rs 347.55 on 3 June 2015.
The stock had underperformed the market over the past one month till 4 June 2015, falling 14.64% compared with 2.46% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 21.94% as against Sensex's 8.74% fall.
The mid-cap company has an equity capital of Rs 262.99 crore. Face value per share is Rs 10.
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Shares of Reliance Infrastructure had declined 18.62% in 12 trading days to settle at Rs 370.70 yesterday, 4 June 2015 from a recent high of Rs 455.55 on 19 May 2015.
On a consolidated basis, Reliance Infrastructure's net profit fell 26.1% to Rs 459.11 crore on 0.2% decline in total income to Rs 5027.63 crore in Q4 March 2015 over Q4 March 2014.
Reliance Infrastructure is amongst the largest infrastructure companies, developing projects through various special purpose vehicles (SPVs) in several high growth sectors within the infrastructure space i.e. roads, metro rail and cement. The company is also the leading utility company having presence across the value chain of power businesses i.e. generation, transmission, distribution and power trading. The company also provides engineering, procurement and construction (EPC) services for developing power and road projects.
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