Business Standard

G R Infraprojects hits all-time low; stock plunges 22% thus far in February

In Q3FY22, the company's consolidated profit after tax declined 65 per cent year-on-year to Rs 145 crore, due to lower operational income.

National Highway, highways, road, NHAI
Premium

SI Reporter Mumbai
Shares of G R Infraprojects hit an all-time low of Rs 1,485.80, down 4 per cent on the BSE in Friday’s intra-day trade. The stock of construction & engineering company has fallen 22 per cent thus far in the month of February after the company reported subdued earnings for the December quarter (Q3FY22). In comparison the S&P BSE Sensex was down 0.39 per cent during the same period.

G R Infraprojects made its stock market debut on July 19, 2021. The Rajasthan-based roads and highways construction major raised Rs 963 crore via initial public offer (IPO). The company had

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 18 2022 | 2:55 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com