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Reliance Infra tumbles as Q1 numbers disappoint

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Capital Market

Reliance Infrastructure tumbled 7.13% to Rs 336.80 at 15:25 IST on BSE after consolidated net profit rose 0.78% to Rs 415.20 crore on 1.28% growth in total operating income to Rs 5452.45 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 30 July 2013.

Meanwhile, the S&P BSE Sensex was down 242.64 points or 1.24% at 19,350.64.

On BSE, 6.84 lakh shares were traded in the counter as against average daily volume of 6.07 lakh shares traded in the past two weeks

The stock hit a high of Rs 363 and a low of Rs 335.10 so far during the day.

 

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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First Published: Jul 30 2013 | 3:30 PM IST

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