SREI INFRA FINANCE Plunges by 7%; BSE 500 Index Up 0.2%
September 13, 2019 09:19 AM

SREI INFRA FINANCE share price has plunged 7% and is presently trading at Rs 14.

Meanwhile, the BSE 500 Index is at 14,271 (up 0.2%).

Among the top losers in the BSE 500 Index today are SREI INFRA FINANCE (down 7.2%) and EVEREADY IND. (down 5.0%).

ERIS LIFESCIENCES LIMITED (up 8.1%) and BLISS GVS PHARMA (up 8.0%) are among the top gainers today.

Over the last one year, SREI INFRA FINANCE has moved down from Rs 48 to Rs 14, registering a loss of Rs 34 (down 70.8%)..

The BSE 500 has moved down from 15,326 to 14,271, loss of 1,055 points (down 6.9%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 112.3%), INTERGLOBE AVIATION (INDIGO) (up 95.5%) and VINATI ORGANICS (up 76.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,176 (up 0.2%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.2%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 10,987 . ADANI PORTS & SEZ (up 1.1%) and ICICI BANK (up 1.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,718 to 37,176, registering a gain of -542 points (up -1.4%).

SREI INFRA FINANCE Financial Update...

SREI INFRA FINANCE net profit down at Rs 427 million for the quarter ended June 2019, compared to a loss of Rs 914 million a year ago. Net Sales declined 2.4% to Rs 15.8 billion during the period as against Rs 16.2 billion in April-June 2018.

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 1.6x.