RIIL scrip down 2% on BSE

RIIL scrip down 2% on BSE

Mumbai: Reliance Industrial Infrastructure Ltd fell by over 2% on the Bombay Stock Exchange (BSE) in early trade on Thursday after the company reported a 16.69% decline in the October-December quarter net profit.

Shares of RIIL fell by 2.1% in morning trade to an year-low of Rs620 on the BSE.

The company suffered a similar downslide on the National Stock Exchange (NSE), where it plunged 2.37% to a 52-week low of Rs620.

The company, engaged in infrastructure business, had posted a net profit of Rs4.89 crore in the October-December quarter against Rs5.87 crore in the same quarter last fiscal.

Meanwhile, the BSE 30-share barometer index Sensex too was trading under pressure, down by 101.42 points at 18,876.90 at 9:36 am.