Reliance Infra advances after bulk deal

Reliance Infrastructure rose 2.22% to Rs 533.90 at 12:28 IST on BSE after a bulk deal of 4.21 lakh shares was executed on the scrip at Rs 531.85 per share at 10:10 IST on BSE today, 29 June 2016.

Meanwhile, the S&P BSE Sensex was up 124.46 points or 0.47% at 26,649.01

On BSE, so far 5.58 lakh shares were traded in the counter as against average daily volume of 4.39 lakh shares in the past one quarter. The stock hit a high of Rs 535.40 and a low of Rs 525 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 underperformed the market over the past 30 days till 28 June 2016, falling 4.27% compared with Sensex's 0.75% fall. The scrip had also underperformed the market in past one quarter, declining 2.2% as against Sensex's 4.68% rise.

The large-cap company has equity capital of Rs 262.99 crore. Face value per share is Rs 10.

Reliance Infrastructure's consolidated net profit surged 43.7% to Rs 659.85 crore on 3.2% decline in net sales to Rs 4260.87 crore in Q4 March 2016 over Q4 March 2015.

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. power, roads, metro rail, cement and defence. 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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