The company made this announcement during trading hours today, 28 May 2008.
Meanwhile, the BSE Sensex was up 246.63 points, or 1.52%, to 16,522.22, after a sharp fall in crude oil prices lifted US stocks on Tuesday, 27 May 2008.
On BSE, 18,508 shares were traded in the counter. The scrip had an average daily volume of 99,196 shares in the past one quarter.
The stock hit a high of Rs 148 and a low of Rs 141 so far during the day. The stock had a 52-week high of Rs 292 on 2 January 2008 and the stock hit a 52-week low of Rs 58.05 on 28 May 2007.
The mid-cap company had outperformed the market over the past one month till 27 May 2008, gaining 0.07% compared to the Sensex’s decline of 4.35%. It had underperformed the market in the past one quarter, declining 18.21% compared to Sensex’s decline of 8.70%.
The company’s current equity is Rs 116.14 crore. Face value per share is Rs 10.
The current price of Rs 144 discounts its Q3 December 2007 annualised EPS of Rs 10.40, by a PE multiple of 13.85.
SREI Infrastructure Finance’s net profit rose 58.3% to Rs 28.36 crore on 85.6% increase in net sales to Rs 173.56 crore in Q3 December 2007 over Q3 December 2006.
The company's principal activity is to provide 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.