GVK Power turns volatile after Q2 results

GVK Power & Infrastructure was down 0.34% to Rs 5.80 at 14:41 IST on BSE, amid intraday volatility after the company reported Q2 September 2016 results during market hours today, 30 November 2016.

Meanwhile, the S&P BSE Sensex was up 207.82 points or 0.79% at 26,601.83.

On the BSE, 6.40 lakh shares were traded on the counter so far as against the average daily volumes of 18.29 lakh shares in the past one quarter. At the day's low of Rs 5.74 so far during the day, the stock has lost 1.37%. At the day's high of Rs 5.94 so far during the day, the stock has risen 2.06%. The stock had hit a 52-week high of Rs 9.44 on 12 January 2016. The stock had hit a record low of Rs 4.13 on 6 June 2016. The stock had underperformed the market over the past one month till 29 November 2016, declining 12.35% compared with the Sensex's 5.54% fall. The scrip had also underperformed the market in past one quarter, sliding 7.03% as against the Sensex's 5.41% fall.

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

GVK Power & Infrastructure (GVK Power) reported net loss of Rs 13.41 crore in Q2 September 2016, compared with net loss of Rs 8.09 crore in Q2 September 2015. Total income rose 8.41% to Rs 18.55 crore in Q2 September 2016 over Q2 September 2015.

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

Powered by Capital Market - Live News