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Budget puts Reliance Infrastructure among top loser
By siliconindia
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Tuesday, 07 July 2009, 00:34 IST |
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Bangalore: Reliance Infrastructure ended up as the top loser of the day with a loss of 
1131.05 (12.47 percent) after the presentation of budget in the parliament today. When markets opened, the share went up to 1,300 with the positive expectation shown by investors before budget but it could not regain momentum throughout the day. On the name of Infrastructure budget, there was nothing except little bit in National Highways Authority of India (NHAI). The share of Reliance Infrastructure touched the intraday high of 1,346.55 and a low of 1108 with 2,698,747 shared traded through the day. The P/E ratio of the stock is 22.79. The stock has touched a 52 week high of 1373.70 and a low of Rs 354. With 364,310 units of shares, Birla Sun Life Tax 96 is the largest holder in Reliance Infrastructure Fund. The 52 week stock chart is given on left.
Reliance Infrastructure distributes more than 28 billion units of electricity to cover 25 million consumers across different parts of the country including Mumbai and Delhi in an area that spans over 1, 24,300 sq. kms. The company also generates 941 MW of electricity from power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka and Goa.
In the financial year ended March 31, 2008, the company generated a revenue of 7,501.20 crores against 6,575.25 in previous fiscal. On the name of infrastructure project, there was nothing except little but in NHAI.
Out of 17 stock analysts currently following Reliance Infrastructure, consensus recommendation is outperform. Out of these, seven rate RIL stock as buy, five rate it as outperform while two rate it as sell or underperform.
Other infrastructure companies have also ended the day in red. Tata Power plunged by 7.15 percent, Lanco Infratech went down by 5.59 percent and Reliance Power by 7.13 percent.
1131.05 (12.47 percent) after the presentation of budget in the parliament today. When markets opened, the share went up to 1,300 with the positive expectation shown by investors before budget but it could not regain momentum throughout the day. On the name of Infrastructure budget, there was nothing except little bit in National Highways Authority of India (NHAI). The share of Reliance Infrastructure touched the intraday high of 1,346.55 and a low of 1108 with 2,698,747 shared traded through the day. The P/E ratio of the stock is 22.79. The stock has touched a 52 week high of 1373.70 and a low of Rs 354. With 364,310 units of shares, Birla Sun Life Tax 96 is the largest holder in Reliance Infrastructure Fund. The 52 week stock chart is given on left.
Reliance Infrastructure distributes more than 28 billion units of electricity to cover 25 million consumers across different parts of the country including Mumbai and Delhi in an area that spans over 1, 24,300 sq. kms. The company also generates 941 MW of electricity from power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka and Goa.
In the financial year ended March 31, 2008, the company generated a revenue of 7,501.20 crores against 6,575.25 in previous fiscal. On the name of infrastructure project, there was nothing except little but in NHAI.
Out of 17 stock analysts currently following Reliance Infrastructure, consensus recommendation is outperform. Out of these, seven rate RIL stock as buy, five rate it as outperform while two rate it as sell or underperform.
Other infrastructure companies have also ended the day in red. Tata Power plunged by 7.15 percent, Lanco Infratech went down by 5.59 percent and Reliance Power by 7.13 percent.