Gayatri Projects is currently trading at Rs. 660.50, up by 32.00 points or 5.09% from its previous closing of Rs. 628.50 on the BSE.
The scrip opened at Rs. 630.50 and has touched a high and low of Rs. 674.50 and Rs. 627.50 respectively. So far 2,12,000 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. 217.00 on 18-Jun-2015.
Last one week high and low of the scrip stood at Rs. 674.50 and Rs. 582.15 respectively. The current market cap of the company is Rs. 2,341.50 crore.
The promoters holding in the company stood at 47.48% while Institutions and Non-Institutions held 41.35% and 11.17% respectively.
Gayatri Projects is looking to offer mining services for underground coal mines of Coal India and other companies. The company has also entered into a partnership with China Coal Overseas Development Company, a Beijing-based subsidiary of China Coal, to offer Longwall technology for mining. Recently, the company has won one of the four privately awarded Longwall mining projects in the country at Jhanjhra underground mine. The six-year contract has initial value of Rs 400 crore.
Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, primarily undertaking road and irrigation projects
