RIIL (Reliance Industrial Infrastructure) robust Q4 results

Reliance Industrial Infrastructure jumped 5% to Rs 1550.75 at 12:25 IST on BSE, extending its recent rally on sustained buying interest post Q4 March 2008 results.

The stock hit a high of Rs 1550.75 and a low of Rs 1548.70 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 426.25 on 23 August 2007.

The company’s current equity is Rs 15.10 crore. Face value per share is Rs 10.

The current price of Rs 1550.75 discounts its Q4 March 2008 EPS of Rs 17.03, by a PE multiple of 91.05.

Reliance Industrial Infrastructure (RIIL)’s net profit jumped 52.40% to Rs 6.43 crore on 38.6% rise in net sales to Rs 18.92 crore in Q4 March 2008 over Q4 March 2007. The results were announced after trading hours on Tuesday, 15 April 2008.

The stock has jumped 55.15% to Rs 1476.95 on 29 April 2008 after its results were announced on 15 April 2008 after trading hours. The stock had closed at Rs 952.25 on that day.

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.