GVK Power & Infra shares jump nearly 11% after Q3 earnings

Image
Press Trust of India New Delhi
Last Updated : Feb 14 2017 | 5:42 PM IST
Shares of GVK Power & Infrastructure surged nearly 11 per cent today after the company's standalone net loss narrowed to Rs 71 lakh in the third quarter ended December 31, 2016.
The stock zoomed 10.91 per cent to end at Rs 7.32 on BSE. During the day, it soared 16.66 per cent to Rs 7.70 -- its 52-week high.
On NSE, shares of the company skyrocketed 10.60 per cent to close at Rs 7.30.
On the volume front, 111.89 lakh shares of the company were traded on BSE and over 5 crore shares changed hands at NSE during the day.
"The company has posted a net loss of Rs 71 lakh for the quarter ended December 31, 2016, as compared to net loss of Rs 6.8 crore for the quarter ended December 31, 2015," the company said in a BSE filing today.
Total income has increased to Rs 18.42 crore for the October-December quarter from Rs 16.92 crore for the same period a year ago.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 14 2017 | 5:42 PM IST

Next Story