Gayatri Projects advances as board to consider stock-split proposal

Gayatri Projects rose 2.05% to Rs 612.15 at 09:24 IST on BSE after the company scheduled a board meeting on 26 December 2016 to consider a 5-for-1 stock-split plan.

The announcement was made on Saturday, 17 December 2016.

Meanwhile, the S&P BSE Sensex was down 74.11 points, or 0.28%, to 26,415.45

On BSE, so far 1,474 shares were traded in the counter, compared with average daily volume of 6,364 shares in the past one quarter. The stock hit a high of Rs 618 and a low of Rs 610 so far during the day. The stock hit a 52-week low of Rs 482 on 17 February 2016. The stock hit a record high of Rs 790 on 23 September 2016.

 

The small-cap company has an equity capital of Rs 35.45 crore. Face value per share is Rs 10.

Gayatri Projects' net profit jumped 53.5% to Rs 11.62 crore on 10.19% growth in total income to Rs 351.05 crore in Q2 September 2016 over Q2 September 2015.

Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, and a special focus on road and irrigation projects.

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