RELIANCE INFRASTRUCTURE LIMITED

COMPANY PROFILE

Incorporated in 1929, Reliance Infrastructure Limited is India's largest infrastructure company and devel- ops road projects, highways, metro rails, airports and speciality real estate through various Special Purpose Vehicles (SPVs). In addition, Reliance Infra has a pres- ence across the entire value chain of power business (i.e. generation, transmission, distribution, and trading) and operates coal, wind, thermal, and combined cycle power generation projects.

Reliance Infra generates 941 Mega Watt (MW) of elec- tricity from its power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka, and Goa and dis- tributes power to 61.5 lacs consumers in Mumbai and Delhi. The Company is developing 2 cement plants of 5 million tons each in Maharashtra and Madhya Pradesh. The Company currently is developing two metro rail projects in Mumbai; awarded eleven road projects with total length of 1,000 kms; operating and maintaining five airports in Maharashtra and developing 2 cement plants of 5 million tons each in Maharashtra and Madhya Pradesh.

For FY 2014, the Company’s total income from opera- tions fall by 14.96 % to Rs. 19,033.68 Cr. as against Rs. 22,381.55 Cr. in FY 2013. For the same period, net profit went down by 20.03 % to Rs. 1,566.44 Cr. as against Rs. 1,958.70 Cr. in FY 2013.

Reliance Infrastructure is likely to cross USD 7 billion- markover the medium term, as investment in the infra- structuresector emerges key to the sustenance of GDP growth in the country. Reliance infrastructure has in- vited bids from Indian as well as foreign companies to procure 1,500 MW of power to meet demand for its Mumbai distribution licence area. it has emerged as the highest bidder to develop and operate five non-metro airports in Maharashtra. RIL has a 45% stake in Reliance Power and through the associate company route will continue to participate in the Indian power story. How- ever, as of date Reliance Power only has about 600 MW under operation.

STOCK INFORMATION

STOCK PRICE

528.25

TARGET PRICE

505-470

SECTOR

POWER

SYMBOL (AT NSE)

RELINFRA

ISIN

INE036A01016

FACE VALUE (IN RS.)

10.00

BSE CODE

500390

STOCK FUNDAMENTALS

MARKET CAP

13,892.45

BOOK VALUE

809.64

EPS - (TTM) (IN RS. CR.)

58.76

P/E

8.99

INDUSTRY P/ESHAREHOLDING PATTERN

13.69

SHAREHOLDING PATTERN

Reliance Infrastructure Limited Shareholding Pattern

 

RESULTS (Quarterly )(Rs CR.)

 

SEP' 14

JUN' 14

MAR' 14

DEC' 13

SEP' 13

Sales

2,467.06

2,535.90

2,709.90

2,536.29

2,831.80

Operat- ing profit

481.05

430.53

478.96

514.92

476.78

Interest

353.96

334.31

303.39

244.03

231.62

Gross profit

528.34

491.72

482.92

573.56

545.51

EPS (Rs)

13.56

12.24

19.03

14.00

13.15

TECHNICAL VIEW

Reliance Infrastructure Limited Technical View

RELIANCE INFRA is looking weak on charts. We advise to sell around 530-550 with stoploss of 580 for the targets of 505-470 levels. RSI is also showing downside momentum in it on weekly charts.

SYMBOL

VALUE

ACTION

RSI(14)

29.015

BUY

STOCH(9,6)

33.205

BUY

STOCHRSI(14)

25.195

OVERBOUGHT

MACD(12,26)

-19.900

SELL

ADX(14)

35.565

BUY

WILLIAMS %R

-87.557

OVERBOUGHT

CCI(14)

-195.2883

BUY

ATR(14)

6.2464

LESS VOLATILITY

HIGH/LOWS(14)

-12.2000

BUY

ULTIMATE OSCILLATOR

32.459

BUY

ROC

-4.443

BUY

BULL/BEAR POWER()13

-28.6440

BUY

BUY: 0 SELL:10 NEUTRAL: 1

SUMMARY : STRONG SELL

Our Other Recommendation for Next Week

SCRIP

ACTION

CMP

ENTRY

SL

TGT

TIME FRAME

M&M

SELL

1257.95

1260-1280

1300

1240-1220

ONE WEEK

LIC HOUSING

SELL

439.95

440-445

450

435-428

ONE WEEK

TITAN

SELL

375.30

380-385

392

372-362

ONE WEEK

POWER GRID

SELL

135.55

136-138

142

132-128

ONE WEEK

MARUTI

BUY

3392.75

3350-3400

3300

3450-3500

ONE WEEK

Performance of Previous Week

SCRIP

LOT

ACTION

ENTRY

SL

TGT

P&L

REMARK

CLOSE/LOW/HIGH

PNB

250

BUY

1100-1125

1060

1160-1200

00.00

NEAR COST

1103.55 / 1148.15

ITC

1000

BUY

391.35

383

398-408

10000.00

FIRST TGT HIT

398.50 / 402.75

AMBUJA CEM

1000

BUY

236.95

227

242-248

-5000.00

SL TRG

227.50 / 240.90

DLF

2000

BUY

161.70

156

166-170

12000.00

FIRST TGT HIT

153.20 / 166.25

RELCAP

500

SELL

518.90

540

510-490

-7500.00

SL TRG

527.40 / 545.50

RADICO KHITAN

500

BUY

99.00

92

105-110

-5000

SL TRG

88.85 / 102.90

NET PROFIT

 

 

 

 

 

4500.00

 

 

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DISCLAIMER

This report is only for the information of our customers. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.

 

 

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