SREI Infra slips on profit booking

SREI Infrastructure Finance fell 1.42% to Rs 52.05 at 13:11 IST on BSE on profit booking after the stock rose 8.64% in the preceding three trading sessions to Rs 52.80 on 19 September 2014, from a recent low of Rs 48.60 on 16 September 2014.

Meanwhile, the BSE Sensex was down 10.52 points, or 0.04%, to 27,079.90.

On BSE, so far 2.17 lakh shares were traded in the counter, compared with an average volume of 5.45 lakh shares in the past one quarter.

The stock hit a high of Rs 53.25 and a low of Rs 50.90 so far during the day. The stock hit a 52-week high of Rs 57.55 on 3 July 2014. The stock hit a 52-week low of Rs 17.60 on 30 September 2013.

The stock had outperformed the market over the past one month till 19 September 2014, rising 17.33% compared with 2.53% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.16% as against Sensex's 7.49% rise.

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

On a consolidated basis, SREI Infrastructure Finance's net profit rose 35.5% to Rs 63.98 crore on 19.8% increase in total income to Rs 942.64 crore in Q1 June 2014 over Q1 June 2013.

SREI Infrastructure Finance has been a pioneer in infrastructure financing in India.

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