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RIIL slips despite reporting 3% rise in Q2 consolidated net profit

Reliance Industrial Infrastructure (RIIL) is currently trading at Rs. 252.00, down by 3.05 points or 1.20% from its previous closing of Rs. 255.05 on the BSE.

The scrip opened at Rs. 255.00 and has touched a high and low of Rs. 259.20 and Rs. 250.40 respectively. So far 23533 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 370.40 on 08-Apr-2019 and a 52 week low of Rs. 219.10 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 259.70 and Rs. 232.00 respectively. The current market cap of the company is Rs. 381.88 crore.

The promoters holding in the company stood at 45.43%, while Institutions and Non-Institutions held 0.82% and 53.75% respectively.

Reliance Industrial Infrastructure (RIIL) has reported a marginal fall of 0.95% in its net profit at Rs 2.08 crore for the quarter ended September 30, 2019 as compared to Rs 2.10 crore for the same quarter in the previous year. Total income of the company decreased by 6% at Rs 23.67 crore for Q2FY20 as compared Rs 25.18 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 3.36% in its net profit at Rs 2.46 crore for the quarter ended September 30, 2019 as compared to Rs 2.38 crore for the same quarter in the previous year. However, total income of the company decreased by 6% at Rs 23.67 crore for Q2FY20 as compared Rs 25.18 crore for the corresponding quarter previous year.