Reliance Industrial Infrastructure surges on good Q4 show

Reliance Industrial Infrastructure was locked at upper limit of 5% at Rs 999.85 at 11:02 IST on BSE after posting 52.4% rise in net profit to Rs 6.43 crore in Q4 March 2008 over Q4 March 2007

The stock hit a high of Rs 999.85 and a low of Rs 999.85 so far during the day. The stock had a 52-week high of Rs 3202.25 on 31 October 2007 and a 52-week low of Rs 410 on 16 April 2007.

The company’s current equity is Rs 15.10 crore. Face value per share is Rs 10. The current price of Rs 999.85 discounts its Q4 March 2008 EPS of Rs 17.03, by a PE multiple of 58.71.

Reliance Industrial Infrastructure’s net sales rose 38.6% to Rs 18.92 crore in Q4 March 2008 over Q4 March 2007.

Reliance Industrial Infrastructure’s principal focus is on construction, setting up industrial infrastructure and project related activities for the group companies. The parent Reliance Industries holds 46.23% in the firm.