Reliance Industrial Infrastructure down 2% on Q3 numbers

The company reported 26.65% decline in its December quarter earnings at Rs.3.96 crore compared with Rs.5.32 crore a year ago.

Reliance Industrial Infrastructure Ltd stock was down by 2% at Rs. 437. The company reported 26.65% decline in its December quarter earnings at Rs.3.96 crore compared with Rs.5.32 crore a year ago.

Reliance Industrial Infrastructure Ltd is currently trading at Rs. 436, down by Rs. 11.25 or 2.52% from its previous closing of Rs. 447.25 on the BSE.

The scrip opened at Rs. 435 and has touched a high and low of Rs. 440 and Rs. 425.75 respectively. So far 419132(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 675.35 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 539.75 on 04-Jan-2016 and a 52 week low of Rs. 295 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 495 and Rs. 425 respectively.

The promoters holding in the company stood at 45.43 % while Institutions and Non-Institutions held 0.25 % and 54.32 % respectively.

The stock is currently trading below its 50 DMA.