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.
is Rs 133.8.
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.
The companys top management includes Mr.Anil Dhirubhai Ambani, Mr.B C Patnaik, Mr.K Ravikumar, Mr.S S Kohli, Mr.S Seth, Ms.Ryna Karani.
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.