Gammon Infrastructure Projects surged 7.12% to Rs 15.20 at 14:44 IST on BSE after ICICI Prudential Mutual Fund bought 53 lakh shares at Rs 12.75 per share in a bulk deal on NSE on Tuesday, 30 September 2014.
Meanwhile, the S&P BSE Sensex was almost unchanged at 26,631.04.
The stock spurted on heavy volumes. On BSE, so far 46.94 shares were traded in the counter as against average daily volume of 2.88 lakh shares in the past one quarter.
The stock hit a high of Rs 15.60 and a low of Rs 15.08 so far during the day. The stock had hit a 52-week high of Rs 16.60 on 12 September 2014. The stock had hit a 52-week low of Rs 6.40 on 30 September 2013.
The stock had outperformed the market over the past one month till 30 September 2014, surging 8.57% compared with the Sensex's 0.03% fall. The scrip had, however, underperformed the market in past one quarter, sliding 10.02% as against Sensex's 4.79% rise.
The small-cap company has equity capital of Rs 187.64 crore. Face value per share is Rs 2.
Gammon Infrastructure Projects reported a consolidated net loss of Rs 20.60 crore in the quarter ended 30 June 2014, higher than net loss of Rs 1.69 crore in the quarter ended 30 June 2013. Net sales declined 4.42% to Rs 145.10 crore in the quarter ended 30 June 2014 over the quarter ended 30 June 2013.
Gammon Infrastructure Projects is an infrastructure project development company incorporated by Gammon India, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.
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