Meanwhile, the BSE Sensex was down 355.94 points, or 2.34%, to 15,062.07 on weak cues from global markets. The Dow Jones Industrial Average hit its lowest level in three months on Wednesday, 18 June 2008, as worries about a weak US economy compounded by credit sector concerns dragged down shares in banks, autos and transport firms.

On BSE, 2.05 lakh shares were traded in the counter. The scrip had an average daily volume of 9.22 lakh shares in the past one quarter.

The stock hit a high of Rs 1060 and a low of Rs 1025 so far during the day. The stock had a 52-week high of Rs 2631.70 on 10 January 2008 and a 52-week low of Rs 522.90 on 19 June 2007.

The scrip had underperformed the market over the past one month till 18 June 2008, declining 26.51% compared to the Sensex’s decline of 10.49%. It also underperformed the market in the past one quarter, sliding 12.57% compared to Sensex’s return of 2.85%.

India's second largest power utility by revenue has an equity capital of Rs 236.53 crore. Face value per share is Rs 10.

The current price of Rs 1035.60 discounts its Q4 March 2008 annualised EPS of Rs 52.86, by a PE multiple of 19.59

As per reports, Reliance Infrastructure (formerly Reliance Energy), will borrow as much as 80% of the funds required for expansion.

Reliance Infrastructure is engaged in generating, transmitting and distributing electricity. It also provides electrical contracting, engineering, procurement and construction contracts and computer services.

The company’s net profit rose 31.20% to Rs 311.39 crore on 1.7% rise in net sales to Rs 1641.95 in Q4 March 2008 over Q4 March 2007.