/ GMR Infra Rises Over 5% To Hit 52-W High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 24 April 2017

Stock of GMR Infrastructure, an infrastructural company headquartered in Bengaluru, is trading strong, hitting a fresh 52-week high of Rs 18.50 per share.

The stock rose 5.4% during the afternoon hours, witnessing a huge spurt in volumes by more than 2.30 times.

The stock on the NSE has delivered over 50% returns in a period of one year, outperforming the BSE Mid-cap and Nifty Infrastructure indices over the same time period.

The infrastructure company in the December quarter of 2016 has posted consolidated net sales of Rs 3,708.37 crore, as compared to Rs 3,540.84 crore in the December of 2015.

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

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