Gayatri Projects spurts after strong Q1 outcome

Gayatri Projects rose 5.52% to Rs 440 at 14:54 IST on BSE after net profit jumped 377.2% to Rs 10.69 crore on 19.4% growth in total income to Rs 409 crore in Q1 June 2015 over Q1 June 2014.

The company announced the Q1 result after market hours on Friday, 14 August 2015.

Meanwhile, the S&P BSE Sensex was down 147.58 points or 0.53% at 27,919.73

On BSE, so far 20,317 shares were traded in the counter as against average daily volume of 41,842 shares in the past one quarter.

The stock hit a high of Rs 445 and low of Rs 424.20 so far during the day. The stock had hit a 52-week high of Rs 464.60 on 6 August 2015. The stock had hit a 52-week low of Rs 108.05 on 19 August 2014.

The stock had outperformed the market over the past one month till 14 August 2015, rising 11.23% compared with a 0.48% rise for the Sensex. The scrip also outperformed the market in past one quarter, surging 155.2% as against Sensex's 3.17% rise.

The small-cap infrastructure company has equity capital of Rs 33.83 crore. Face value per share is Rs 10.

Gayatri Projects undertakes civil construction work such as construction of concrete/masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports and ports.

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