This Reliance Group company stock delivered over 250% returns to its investors in the last 2 years!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.72 lakh today.

Reliance Infrastructure Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 32.55 on 04 February 2021 to Rs 121.30 on 03 February 2023, an increase of 272% in the two-year holding period. 

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.72 lakh today.

Financial performance and stock movements

Looking at the financial performance, in the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue decreased by 2.72% YoY to Rs 4085 crore. The PBIDT (ex OI) declined by 2.75% YoY to Rs 829 crore, whereas the corresponding margin remained the same. Further, the company incurred a net loss of Rs 64 crore.

In FY22, the company delivered a ROCE of 31.53%, respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 3,589.88 crore.

Today, the scrip opened at Rs 120.20 and has touched a high and low of Rs 126.40 and Rs 119.55, respectively. So far, 81,537 shares have been traded on the bourses.

At 11.20 am, the shares of Reliance Infrastructure Ltd were trading at Rs 124.75, an increase of 2.84% from the previous closing price of Rs 121.30 on BSE. The stock has a 52-week high & low of Rs 201.35 and Rs 81.10, respectively on BSE.

About Reliance Infrastructure Limited

Reliance Infrastructure Limited is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high-growth sectors within the infrastructure space such as power, roads, metro rail and defence. The company is a leading utility with having presence across the value chain of the power business. Moreover, the company also provides Engineering and Construction (E&C) services for various infrastructure projects.