Gayatri Projects is currently trading at Rs. 732.70, up by 2.95 points or 0.40% from its previous closing of Rs. 729.75 on the BSE.
The scrip opened at Rs. 735.00 and has touched a high and low of Rs. 745.00 and Rs. 731.00 respectively. So far 1456 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 769.20 on 24-Dec-2015 and a 52 week low of Rs. 136.20 on 26-Mar-2015.
Last one week high and low of the scrip stood at Rs. 762.90 and Rs. 713.00 respectively. The current market cap of the company is Rs. 2594.97 crore.
The promoters holding in the company stood at 47.48% while Institutions and Non-Institutions held 40.06% and 12.47% respectively.
Gayatri Projects is planning to consider the corporate restructuring of its road assets, which may mean hiving of its roads business as a separate entity. In this regard, the company’s management is in the process of finalizing a few options for corporate restructuring of its road assets, which among other things may involve hiving off the entire road asset business as a separate entity.
The company is in the process of ascertaining the availability of directors to convene a meeting in due course to chart out future plans.
Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, primarily undertaking road and irrigation projects.
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