SREI Infrastructure Finance galloped 13.76% to Rs 27.70 at 14:22 IST on BSE, on bargain hunting after the stock tumbled 20.65% in the preceding seven trading sessions.
The stock hit a 52-week high of Rs 173 on 5 May 2008 and a 52-week low of Rs 22.30 on 9 March 2009.
The stock had fallen 20.65% to Rs 24.35 on 31 March 2009 from a recent high of Rs 31.95 on 20 March 2009.
The small-cap stock had underperformed the market over the past one month till 31 March 2009, falling 18.83% as compared to the Sensex's 9.19% rise. It had also underperformed the market in the past one quarter, declining 37.16% as compared to the Sensex's 0.63% rise.
The company's current equity is Rs 116.14 crore. Face value per share is Rs 10.
The current price of Rs 27.70 discounts the company's Q3 December 2008 annualized EPS of Rs 0.81, by a PE multiple of 34.20.
The company had on 18 February 2009 in consortium with West Bengal Transport Infrastructure Development and Cezch based Amex International bagged an order worth Rs 6000 crore for setting up light rail transit system (LRTS) in Kolkata. The project is expected to be executed in approximately 4-5 years from the commencement of construction.
SREI Infrastructure Finance's net profit fell 91.7% to Rs 2.35 crore on 76.8% fall in net sales to Rs 40.56 crore in Q3 December 2008 over Q3 December 2007.
The company provides finance for infrastructure, construction and mining equipment, infrastructure projects and renewable energy systems. It also provides insurance products, investment banking, capital market services, venture capital, foreign exchange services and retail financing services.
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