Reliance Infra gains after good Q1 results

Reliance Infrastructure rose 1.11% to Rs 775 at 11:07 IST on BSE after consolidated net profit rose 10% to Rs 458 crore on 20.84% decline in total income to Rs 4548 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced after market hours on Friday, 18 July 2014.

Meanwhile, the S&P BSE Sensex was up 106.46 points or 0.42% at 25,748.02.

On BSE, so far 1.48 lakh shares were traded in the counter as against average daily volume of 5.55 lakh shares in the past one quarter.

The stock hit a high of Rs 782.90 and a low of Rs 769.85 so far during the day. The stock had hit a 52-week high of Rs 820 on 10 June 2014. The stock had hit a 52-week low of Rs 308 on 2 August 2013.

The stock had outperformed the market over the past one month till 18 July 2014, gaining 2.36% compared with Sensex's 1.57% rise. The scrip had also outperformed the market in past one quarter, advancing 46.78% as against Sensex's 13.31% rise.

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

As on 30 June 2014, the consolidated networth of the company stood at Rs 27574 crore and the company is conservatively financed with debt equity ratio of 0.94:1, Reliance Infrastructure said.

Reliance Infrastructure is the largest infrastructure company developing projects, through various special purpose vehicles (SPVs), in several high growth areas in the infrastructure sector i.e. roads, metro rail, cement and airports. The company is also the leading utility company having presence across the value chain of power businesses i.e. generation, transmission, distribution and trading of power.

Powered by Capital Market - Live News