Shares of Anil Ambani’s company Reliance Infrastructure Limited were once trading around Rs 2500, but today they have fallen to Rs 218. The company has released the results of the June quarter, in which the loss of Anil Ambani’s company has reduced. In such a situation, when the market opens tomorrow i.e. on Friday, its shares will be in focus.
Reliance Infrastructure Limited said in the information given to the exchanges that its integrated net loss has reduced to Rs 69.47 crore in the April-June quarter of the current financial year. The company had suffered a net loss of Rs 494.83 crore in the same quarter of the last financial year. On Wednesday, shares of Reliance Infrastructure fell by about 2 percent to Rs 218.55.
How was the company’s quarterly results?
In the June quarter results of Reliance Infra, the loss has reduced compared to last year. Its total income has increased to Rs 7,256.21 crore, which was Rs 5,645.32 crore in the same quarter of the last financial year. The company also said that its expenses have increased to Rs 6,799.30 crore in the June quarter, which was Rs 6,372 crore in the same quarter of the last financial year.
Share was once Rs 2500
Shares of Reliance Infra were trading at their all-time high level of Rs 2500 in January 2008, which have now come down to Rs 218. From there the stock has fallen by about 92 percent. In the last five years, this stock has increased by 372 percent, while in one year this stock has increased by 34 percent. Since January till now this stock has risen only 3 percent. It has decreased by 6 percent in the last six months. Reliance Infra shares have risen 12.43% in a month.
What does the company do?
This stock has not been able to recover yet after the crisis that hit the company in 2008. The company is still doing business, but it does not have orders like before. The company is in the business of providing engineering and construction services for power, roads, metro rail and other infrastructure sectors.
(Note- Before investing in any share, definitely take the help of a financial advisor.)