Gayatri Projects gains after reporting robust Q1 results

Gayatri Projects rose 1.25% to Rs 707.65 at 14:15 IST on BSE after net profit jumped 51% to Rs 16.14 crore on 6.75% rise in net total income from operations to Rs 432.44 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 26 August 2016.

Meanwhile, the BSE Sensex was down 86.31 points, or 0.31%, to 27,749.60.

On BSE, so far 13,922 shares were traded in the counter, compared with an average volume of 14,703 shares in the past one quarter. The stock hit a high of Rs 719.70 and a low of Rs 701 so far during the day. The stock hit a record high of Rs 769.20 on 24 December 2015. The stock hit a 52-week low of Rs 390 on 26 August 2015. The stock had outperformed the market over the past one month till 25 August 2016, gaining 11.2% compared with 0.92% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 33.53% as against Sensex's 7.55% rise.

The mid-cap company has equity capital of Rs 35.45 crore. Face value per share is Rs 10.

Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, and a special focus on road and irrigation projects.

Powered by Capital Market - Live News