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Gayatri Projects gains after decent Q1 performance

Capital Market 

Gayatri Projects rose 1.82% to Rs 134.4 at 12:28 IST on BSE after the consolidated profit rose 16.4% to Rs 48.08 crore on a 19.6% rise in the net sales to Rs 984.08 crore in Q1 June 2019 over Q1 June 2018.

The result was announced after trading hours on Wednesday, 14 August 2019.

Meanwhile, the S&P BSE Sensex was up 3.17 points or 0.01% to 37,314.70.

On the BSE, 1569 shares were traded in the counter so far compared with average daily volumes of 1018 shares in the past two weeks. The stock hit a high of Rs 135.2 and a low of Rs 132.7 so far during the day.

The stock hit a 52-week high of Rs 211 on 31 Aug 2018. The stock hit a 52-week low of Rs 129.7 on 08 Aug 2019.

The stock had underperformed the market over the past one month, down 6.75% compared with 4.08% fall in the Sensex. The scrip underperformed the market in past one quarter, down 9.81% as against Sensex's 0.02% fall. The scrip had also underperformed the market in past one year, down 36.31% as against Sensex's 1.43% fall.

Gayatri Projects is the flagship company of the esteemed and well diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 16 2019. 12:30 IST