Reliance Infrastructure is trading higher by 3.5% at Rs 480, extending its Friday’s 2% gain, after reporting a healthy 84% year-on-year revenue growth at Rs 7,140 crore for the fourth quarter ended March 2012 on the back of robust improvement in order execution in the EPC segment.
Meanwhile, the Anil Dhirubhai Ambani Group's infrastructure company has reported a flat consolidated net profit at Rs 411 crore due to high costs and finance charges during the recently quarter.
The board of directors of the company has recommended a dividend of Rs 7.30 per share on fully paid up equity shares of Rs 10 each.
Analyst at Nirmal Bang Securities believe the revision in power tariff, recovery of regulatory assets and completion of infrastructure projects would be key triggers for the stock’s outperformance in FY13 and retain Buy rating on the stock.
A combined 1.38 million shares have changed hands on the counter till noon deals on both the exchanges.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app