GMR Infra slips on profit booking

Shares of GMR Infrastructure slipped 1.7% to Rs 23 as investors booked profits after recent rally

GMR Infrastructure lost 1.7% to Rs 23 in noon deals on BSE, with the stock sliding on profit booking after recent rally.

A total of 4,166,538 shares exchanged hands on both BSE & NSE as of 1325hrs as compared to its 30 day average volume of  7,409,816 on the bourses.

The stock touched a low of Rs 22.65 and a high of Rs 23.70 so far during the day. It hit its 52-week high of Rs 25.35 on 1 January 2014.

The stock surged 12.77% in the past one month against Sensex's 6.78% upmove.

Earlier, shares of GMR Infrastructure rallied 9.34% in four trading sessions to close at Rs 23.40 on Wednesday from a recent low of Rs 21.40 on 27 March, 2014.