GMR Infra Leaps Nearly 6%

Infrastructure company based in Bengaluru, GMR Infrastructure during the last trading day of the week leaped nearly 6% on the NSE.

The stocks witnessed a huge spurt in volumes by more than 2.02 times; whereas, the stock hit an intraday high of Rs 17.40 per share; and an intraday low of Rs 16.50 per share.

The infrastructure company’s stock has delivered over 37% returns in a period of one year, outperforming the BSE Mid cap and Nifty Infrastructure indices over the same time span.

GMR Infrastructure for the December Quarter of 2016 reported a standalone net loss of Rs 381.93 crore.

Its total income from operations declined to Rs 216.25 crore during the quarter as against Rs 294.48 crore in the year-ago period.

GMR Infrastructure Limited (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC), contracting activities and operation of airports and special economic zones.

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About Suhani Varma

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