GVK Power & Infra jumps after improved Q1 results

GVK Power & Infrastructure jumped 10.56% to Rs 7.12 at 14:00 IST on BSE after the company reported improved Q1 June 2013 consolidated results during trading hours today, 12 August 2013.

The company announced its result during trading hours today, 12 August 2013.

Meanwhile, the S&P BSE Sensex was up 250.85 points, or 1.34%, to 19,040.19.

On BSE, 7.37 lakh shares were traded in the counter as against an average daily volume of 5.10 lakh shares in the past one quarter.

The stock hit a high of Rs 7.30 and a low of Rs 6.41 so far during the day. The stock had hit a 52-week high of Rs 15.75 on 9 January 2013. The stock had hit a 52-week low of Rs 5.52 on 6 August 2013.

The stock had underperformed the market over the past one month till 8 August 2013, sliding 11.05% compared with the Sensex's 2.77% fall. The scrip had also underperformed the market in past one quarter, falling 32% as against Sensex's 6.01% fall.

The small-cap company has an equity capital of Rs 157.92 crore. Face value per share is Re 1.

On a consolidated basis, GVK Power & Infrastructure reported a net loss of Rs 30.59 crore in Q1 June 2013, lower than the net loss of Rs 64.30 crore in Q1 June 2012. Net sales fell 14.54% to Rs 699.52 crore in Q1 June 2013 over Q1 June 2012.

GVK is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.

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