SREI Infrastructure Finance declines on profit booking

SREI company logo Stocks of SREI Infrastructure Finance fell 2.1% to Rs 102.50 at the lunch hours on BSE, on profit booking. The stock had hit a high and a low of Rs 105.70 and Rs 102.40 respectively, during the day. The stock had outperformed the market since the past one month till 4 May 2017, rising 21.96% compared with the Sensex’s 0.72% rise. SREI is a mid-cap company, having equity capital of Rs. 503.09 crore, with face value of Rs. 10, per share. The company’s consolidated net profit surged 291.7% to Rs 67.21 Cr, on 43% rise in total income to Rs. 1,134.57 crore in third quarter December 2016 Y-O-Y.