GMR Infrastructure shed 3.85% to Rs 13.75 at 15:05 IST on BSE, with the stock extending previous session's losses triggered by the company reporting weak Q1 results.
Meanwhile, the BSE Sensex was up 224.32 points or 0.74% at 28,622.00.
On BSE, so far 15.83 lakh shares were traded in the counter, compared with average daily volume of 23.33 lakh shares in the past one quarter. The stock hit a high of Rs 14.50 and a low of Rs 13.66 so far during the day.
The stock had dropped 1.79% to Rs 14.30 yesterday, 15 September 2016 after the company reported weak Q1 results. GMR Infrastructure reported net loss of Rs 123.06 crore in Q1 June 2016 higher than net loss of Rs 1.33 crore in Q1 June 2015. Total income rose 35.99% to Rs 366.39 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on Wednesday, 14 September 2016.
GMR Group is a leading global infrastructure conglomerate with interests in airports, energy, transportation and urban infrastructure.
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