 "GMR Infra shares down nearly 4% on Q1 net loss")
Shares of GMR Infra on Monday fell by nearly 4 per cent after the company reported a multi-fold jump in standalone net loss at Rs 123.1 crore for the first quarter ended June 30, 2016.
The stock went down by 3.50 per cent to end at Rs 13.80 on BSE. During the day, it slipped 4.47 per cent to Rs 13.66.
At NSE, shares of the company lost 3.84 per cent to settle at Rs 13.75.
The company's market valuation fell by Rs 301.4 crore to Rs 8,329.60 crore.
On the volume front, 18.47 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.
The diversified group, with interest in energy, roads and airport sectors, had logged a net loss of Rs 1.33 crore in the year-ago period, it said in a BSE filing on Thursday.
Total standalone income of the company was higher at Rs 361.3 crore for April-June this financial year from Rs 269.2 crore during the same quarter in 2015-16.
Its expenses came in higher at Rs 80.9 crore during the period under review, from the Rs 36.8 crore earlier.
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