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GVK Power gallops after huge bulk deal

Capital Market 

& Infrastructure jumped 11.15% to Rs 6.98 at 12:36 on after a bulk deal of 5.73 crore shares was executed on the scrip at Rs 6.62 per share at 09:25 on

Meanwhile, the S&P Sensex was down 115.84 points, or 0.42%, to 27,557.76

Bulk deal boosted volume on the scrip. On BSE, so far 6.09 crore shares were traded in the counter, compared with average daily volume of 8.12 lakh shares in the past one quarter. The stock hit a high of Rs 7.48 and a low of Rs 6.27 so far during the day. The stock hit a 52-week high of Rs 9.77 on 24 November 2015. The stock hit a 52-week low of Rs 4.13 on 6 June 2016. The stock had underperformed the market over the past 30 days till 14 October 2016, falling 5.42% compared with Sensex's 2.6% fall. The scrip also underperformed the market in past one quarter, sliding 9.77% as against Sensex's 0.59% decline.

The small-cap company has an equity capital of Rs 157.92 crore. Face value per share is Re 1.

& Infrastructure reported net loss of Rs 51.04 crore in Q1 June 2016, higher than net loss of Rs 3.09 crore in Q1 June 2015. Total income rose 6.11% to Rs 16.85 crore in Q1 June 2016 over Q1 June 2015.

& Infrastructure is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 12:49 IST