Reliance Infrastructure rose 1.15% to Rs 460 at 9:50 IST on BSE after consolidated net profit rose 2.3% to Rs 462.67 crore on 10.6% decline in net sales to Rs 3877.98 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 20 January 2016.Meanwhile, the S&P BSE Sensex was up 115.89 points or 0.48% at 24,177.93.
On BSE, so far 2.10 lakh shares were traded in the counter as against average daily volume of 9.97 lakh shares in the past two weeks. The stock was volatile. The stock rose as much as 3.35% at the day's high of Rs 470 so far during the day. The stock rose 0.42% at the day's low of Rs 456.70 so far during the day. The stock had hit a 52-week high of Rs 622.05 on 5 January 2016. The stock had hit a 52-week low of Rs 282.20 on 25 August 2015. The stock had outperformed the market over the past one month till 20 January 2016, rising 1.08% compared with Sensex's 5.71% fall. The scrip had also outperformed the market in past one quarter, surging 18.78% as against Sensex's 11.88% fall.
The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.
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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