Sell SREI Infrastructure With Stop Loss Of Rs 102
Technical analyst Anil Singhvi has maintained 'sell' rating on SREI Infrastructure Finance Limited stock with an intra-day target of Rs 95.
According to analyst, the investors can sell the stock with a stop loss of Rs 102.
The stock of the company, on January 25, closed at Rs 100.75 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 141.90 and a low of Rs 61.50 on BSE.
Current EPS & P/E ratio stood at 13.33 and 6.94 respectively.
SREI Infrastructure Finance Ltd registered a decline of 8.96% in its consolidated net profit, which stood at Rs 40.24 crore for the three month period ended December 2010.
But, the disbursement in the said period had climbed 60.75 per cent to 3215.54 crore.
Company's chairman and managing director Hemant Kanoria stated that the constant increase in interest rates for the past few months is sure to impact profitableness but disbursals remained up.
Srei is a Holistic Infrastructure Institution, continuously and always conceiving of delivering innovatory solutions in infrastructure section, thus playing an important role in nation-building for more than two decades, both in urban as well as rustic India.