Share Tips for SREI Infrastructure Finance

SREI Infrastructure Finance is currently trading at Rs 31.20, up by 1.45 points or 4.87% from its previous closing of Rs 29.75 on the BSE.

The scrip opened at it’s day’s low of Rs 29.75 and touched a high Rs 31.55. So far 218508 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 37.15 on 22-Feb-2012 and a 52 week low of Rs 18.85 on 23-May-2012.

Last one week high and low of the scrip stood at Rs 31.55 and Rs 25.40 respectively. The current market cap of the company is Rs 1498.09 crore.

The promoters holding in the company stood at 48.63% while Institutions and Non-Institutions held 10.82% and 40.55% respectively.

SREI Infrastructure Finance has received an approval to establish White Label ATMs in accordance with the guidelines issued by the Reserve Bank of India (RBI). The board at its meeting held on November 09, 2012 has approved for the same.

Besides, the board has further decided to seek approval of the shareholders to amend the ‘Other Objects’ clause of the Memorandum of Association of the company to enable the company to set up the White Label ATMs and to commence the business thereof.

The RBI has permitted non-bank entities incorporated in India under the Companies Act 1956, to set up, own and operate Automated Teller Machines (ATMs) in India.

SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. [Via]

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