SRS Real Infrastructure gains as board approves 1:1 bonus issue

SRS Real Infrastructure rose 3.51% to Rs 47 at 14:15 IST on BSE after the company said that the board of directors of the company at its meeting held on 18 November 2014 have approved 1:1 bonus issue.

The company made the announcement during market hours today, 18 November 2014.

Meanwhile, the S&P BSE Sensex was down 40 points or 0.14% at 28,137.85.

On BSE, so far 2.33 lakh shares were traded in the counter as against average daily volume of 2.15 shares in the past one quarter.

The stock hit a high of Rs 47.80 and a low of Rs 45.25 so far during the day. The stock had hit a 52-week high of Rs 53.50 on 23 July 2014. The stock had hit a 52-week low of Rs 35 on 19 August 2014.

The stock had underperformed the market over the past one month till 17 November 2014, falling 4.02% compared with the Sensex's 7.93% rise. The scrip had, however, outperformed the market in past one quarter, rising 15.82% as against Sensex's 7.95% rise.

The small-cap firm has an equity capital of Rs 20.10crore. Face value per share is Re 1.

SRS Real Infrastructure's net profit rose 30.2% to Rs 1.38 crore on 18.4% fall in total income to Rs 188.53 crore in Q2 September 2014 over Q2 September 2013.

SRS Real Infrastructure is in the building & construction industry.

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