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Reliance Infrastructure Ltd plummets nearly 8%

Capital Market 

Reliance Infrastructure Ltd is quoting at Rs 38.65, down 7.98% on the day as on 13:24 IST on the NSE. The stock tumbled 90.57% in last one year as compared to a 6.29% slide in NIFTY and a 11.07% fall in the Nifty Energy index.

Reliance Infrastructure Ltd fell for a fifth straight session today. The stock is quoting at Rs 38.65, down 7.98% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.59% on the day, quoting at 10853.9. The Sensex is at 36867.62, down 0.52%.Reliance Infrastructure Ltd has eased around 13.05% in last one month.Meanwhile, Nifty Energy index of which Reliance Infrastructure Ltd is a constituent, has eased around 9.1% in last one month and is currently quoting at 14221.45, down 1.2% on the day. The volume in the stock stood at 120.99 lakh shares today, compared to the daily average of 294.54 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 37.05, down 8.29% on the day. Reliance Infrastructure Ltd tumbled 90.57% in last one year as compared to a 6.29% slide in NIFTY and a 11.07% fall in the Nifty Energy index.

The PE of the stock is 0.2 based on TTM earnings ending June 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 22 2019. 13:36 IST
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