GMR Infrastructure drops after reporting dismal Q1 result

GMR Infrastructure dropped 2.47% to Rs 14.20 at 11:45 IST on BSE after the company 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.

The result was announced before market hours today, 15 September 2016.

Meanwhile, the BSE Sensex was almost unchanged at 28,371.61.

On BSE, so far 6.48 lakh shares were traded in the counter, compared with average daily volume of 23.55 lakh shares in the past one quarter. The stock hit a high of Rs 14.58 and a low of Rs 14.13 so far during the day. The stock hit a 52-week low of Rs 9.84 on 11 February 2016. The stock hit a 52-week high of Rs 18.60 on 3 December 2015. The stock had outperformed the market over the past one month till 14 September 2016, gaining 10.89% compared with 0.78% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 16.95% as against Sensex's 7.49% gains.

The mid-cap company has equity capital of Rs 603.59 crore. Face value per share is Re 1.

GMR Infrastructure's total income rose 35.99% to Rs 366.39 crore in Q1 June 2016 over Q1 June 2015.

GMR Group is a leading global infrastructure conglomerate with interests in airports, energy, transportation and urban infrastructure.

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