Meanwhile, the BSE Sensex was down 223.50 points, or 1.32%, to 16,653.56
On BSE, 91,238 shares were traded in the counter compared with average volume of 2.78 lakh shares over the past two weeks.
The stock hit a high of Rs 28.05 and a low of Rs 27.25 so far during the day. The stock had hit a 52-week high of Rs 64.94 on 3 January 2011 and a 52-week low of Rs 21.90 on 30 November 2011.
The SREI Infrastructure Finance stock has been on a roll recently, advancing 23.56% in five trading days from Rs 22.70 on 30 November 2011, with share price rise catching momentum on fund raising buzz.
The mid-cap stock had underperformed the market over the past one month till 7 December 2011, sliding 21.94% compared with the Sensex's 3.9% fall. The scrip also undeperformed the market in past one quarter, declining 32.93% as against 1.1% decline in the Sensex.
The infrastructure financing firm has an equity capital of Rs 503.09 crore. Face value per share is Rs 10.
As per reports, a foreign bank and SREI Infrastructure Finance's in-house merchant banking team are working on raising fund through equity investment in its road projects and also in its construction equipment financing joint venture Srei BNP Paribas.
On a consolidated basis, SREI Infrastructure Finance's net profit dropped 68.5% to Rs 24.60 crore on 65.1% increase in total income to Rs 587.65 crore in Q2 September 2011 over Q2 September 2010.
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