RInfra slips after 3-day 8% rally

Reliance Infrastructure lost 3.46% to Rs 354.60 at 15:05 IST on BSE, with the stock sliding on profit booking after 3-day 8.01% rally.

Meanwhile, the S&P BSE Sensex was down 25.27 points or 0.13% at 18,719.66.

On BSE, 10.12 lakh shares were traded in the counter as against average daily volume of 5.80 lakh shares in the past one quarter.

The stock hit a high of Rs 373.40 and a low of Rs 352.55 so far during the day. The stock had hit a 52-week low of Rs 315 on 28 March 2013. The stock had hit a 52-week high of Rs 593.80 on 18 April 2012.

The stock had underperformed the market over the past one month till 16 April 2013, sliding 12.5% compared with the Sensex's 3.51% fall. The scrip had also underperformed the market in past one quarter, declining 31.44% as against Sensex's 5.41% fall.

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

Shares of Reliance Infrastructure (RInfra) had rallied 8.01% in three trading sessions to settle at Rs 367.30 on Tuesday, 16 April 2013, from a recent low of Rs 340.05 on 11 April 2013.

Reliance Infrastructure's consolidated net profit jumped 78.3% to Rs 727.94 crore on 14.2% decline in net sales to Rs 5276.91 crore in Q3 December 2012 over Q3 December 2011.

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 and the largest infrastructure company by developing projects in all high growth areas in infrastructure sector i.e. roads, highways, metro Rails, airports and speciality real estate.

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