INSUBCONTINENT EXCLUSIVE:
Dr CK Narayan of Chart Advise has a sell call on Reliance Infrastructure Ltd
with a target price of Rs 125
The current market price of Reliance Infrastructure Ltd
Dr CK Narayan recommended to keep stoploss at Rs 136
Reliance Infrastructure Ltd., incorporated in 1929, is a midcap company with a market cap of Rs 3497.77 crore.
Reliance Infrastructure Ltd
key Products/Revenue Segments include Power Transmission which contributed Rs 7602.15 Crore to Sales Value (84.70 % of Total Sales), Income
from EPC,Contracts, Others which contributed Rs 894.67 Crore to Sales Value (9.96 % of Total Sales) and Other Operating Revenue which
contributed Rs 478.48 Crore to Sales Value (5.33 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 4115.72 Crore, down -28.43 % from last quarter Sales
of Rs 5750.81 Crore and down -27.28 % from last year same quarter Sales of Rs 5659.34 Crore Company has reported net profit after tax of Rs
378.31 Crore in latest quarter
Company has Pathak H D Associates as its auditoRs As on 31-12-2018, the company has a total of 262,990,000 shares outstanding.
