Reliance Infrastructure Share Price Falls 4% After the Infra Major Reschedules Board Meeting

Reliance Infrastructure has postponed the declaration of its October-December quarter results for the fiscal year 2024-25 (Q3FY25) by one day. The company announced on Thursday, February 13, that its board meeting to consider and declare the quarterly results, initially scheduled for Thursday, will now be held on Friday, February 14, 2025.

Reason for Rescheduling

The company informed in a regulatory filing that the meeting, originally planned for Thursday, February 13, 2025, has been rescheduled to Friday, February 14, 2025. During this meeting, the board will consider and approve the unaudited financial results for both the standalone and consolidated entities for the quarter and nine months ending December 31, 2024, for the financial year 2024-25.

Trading Window Remains Closed

In its filing, Reliance Infrastructure also updated shareholders about the status of its trading window. The company stated that, by its Code of Practices and Procedures and Code of Conduct to Regulate, Monitor, and Report Trading in Securities, and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons remains closed.

This closure began on Wednesday, January 1, 2025, and will remain in effect until 48 hours after the outcome of the board meeting is made public following Listing Regulations.

Stock Performance 

On February 14, 2025, Reliance Infra share price traded 4.24% lower at ₹256.15 at 10:47 AM (IST). Reliance Infra’s share price reached a 52-week high of ₹350.90 on September 24, 2024, and a 52-week low of ₹143.70 on June 05, 2024. As per BSE, the total traded volume for the stock stood at 1.16 lakh shares with a turnover of ₹3.03 crores.

At the current price, Reliance Infra shares are trading at a price-to-earnings (P/E) ratio of 15.63x, based on its trailing 12-month earnings per share (EPS) of ₹16.39, and a price-to-book (P/B) ratio of 1.24, according to exchange data.

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