SREI INFRA FINANCE Plunges by 5%; BSE 500 Index Down 0.4%
June 28, 2019 02:58 PM

SREI INFRA FINANCE share price has plunged 5% and is presently trading at Rs 20.

Meanwhile, the BSE 500 Index is at 15,379 (down 0.4%).

Among the top losers in the BSE 500 Index today are SREI INFRA FINANCE (down 5.5%) and INDIA CEMENTS (down 5.7%).

E.I.D. PARRY (up 7.8%) and CORPORATION BANK (up 6.6%) are among the top gainers today.

Over the last one year, SREI INFRA FINANCE has moved down from Rs 64 to Rs 20, registering a loss of Rs 44 (down 68.8%)..

The BSE 500 has moved up from 14,479 to 15,379, registering a gain of 900 points (up 6.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 213.2%), VINATI ORGANICS (up 121.5%) and DCM SHRIRAM (up 99.9%).

What About the Benchmark Indices?

The BSE Sensex is at 39,675 (down 0.5%). The top gainers among the BSE Sensex stocks today are NTPC (up 0.8%). The most traded stocks in the BSE Sensex are AXIS BANK and NTPC.

In the meantime, NSE Nifty is at 11,872 (down 0.5%). GAIL (up 1.6%) and TECH MAHINDRA (up 1.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,217 to 39,675, registering a gain of 4,458 points (up 11.9%).

SREI INFRA FINANCE Financial Update...

SREI INFRA FINANCE net profit down at Rs 914 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 15.4% to Rs 16.2 billion during the period as against Rs 14.1 billion in October-December 2017.

For the year ended March 2018, SREI INFRA FINANCE reported 64.7% increase in net profit to Rs 4.0 billion compared to net profit of Rs 2.4 billion during FY17.

Revenue of the company grew 12.7% to Rs 52 billion during FY18.

The current Price to earnings ratio of SREI INFRA FINANCE, based on rolling 12 month earnings, stands at 2.0x.