SREI Infra declines on profit booking

SREI Infrastructure Finance fell 2.1% to Rs 102.50 at 12:08 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 232.54 points, or 0.77% at 29,893.67. The S&P BSE Mid-cap index was down 126.96 points, 0.85% at 14,753.90.

On the BSE, 2.36 lakh shares were traded on the counter so far as against the average daily volumes of 5.49 lakh shares in the past one quarter. The stock had hit a high of Rs 105.70 and a low of Rs 102.40 so far during the day.

The stock had hit a 52-week high of Rs 106.10 on 4 May 2017 and a 52-week low of Rs 42.35 on 24 May 2016. The stock had outperformed the market over the past one month till 4 May 2017, advancing 21.96% compared with the Sensex's 0.72% rise. The scrip had also outperformed the market over the past one quarter advancing 8.5% as against the Sensex's 6.68% rise.

The mid-cap company has equity capital of Rs 503.09 crore. Face value per share is Rs 10.

SREI Infrastructure Finance had rallied 17.57% in the preceding four trading sessions to settle at Rs 104.70 yesterday, 4 May 2017, from its closing of Rs 89.05 on 27 April 2017.

SREI Infrastructure Finance's consolidated net profit spurted 291.7% to Rs 67.21 crore on 43% increase in total income to Rs 1134.57 crore in Q3 December 2016 over Q3 December 2015.

SREI Infrastructure Finance is a leading infrastructure financing conglomerate in India.

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