New project generates interest in SREI Infrastructure Finance

News Flash

Sun Pharma unwilling to include Templeton in talks
Sun refused to accept proposal for mediation
Templeton has enough shrs to veto a merger all by itself
Made contingency plans for operations
PSU Officer's strike may partially hit refinery ops: NW
Strike to impact Panipat, Gujarat refineries ops: NW
Results to have limited impact on market movement
Earnings de-growth already factored in stock prices
Mkts have upside potential of 20-25% in current quarter
Increasing exposure to infra, cap goods and banking
Opportunity to increase exposure to realty in H2'09
Banks increasingly willing to lend to quality franchises
Fiscal measures to enable driving consumer demand
Banks remained cautious on lending in H2'CY08
Expect liquidity situation to improve going further
Significant correction in interest rates going ahead
UBS cuts HCL Tech price target to Rs.120 vs Rs.160
UBS maintains 'SELL' rating on HCL Tech
UBS upgrades Idea Cellular to 'BUY'; target at Rs.100/sh
UBS upgrades Bharti Airtel to 'BUY'; target Rs.1000/sh
Difficult to sustain the current liquidity driven rally
Slowdown in earnings still remains the key concern
Difficult to sustain current rally in global equity
See huge slowdown in eco growth in next 2-3 months
Credit Suisse cuts RIL target by 24% to Rs.1504/share
Crude trading lower, trading around $48/bbls
Wall St ends muted for second consecutive session
Russell 2000 Index of small caps up 1.9%
Dow Jones & S&P500 up over 0.5% each
Madoff sons reported jewellery violations to U.S.

Updated: 28/05/2008 | 12:00 AM IST

Finance

Capital Market

Wednesday, May 28, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

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.