Gayatri Projects is currently trading at Rs. 214.50, up by 1.75 points or 0.82% from its previous closing of Rs. 212.75 on the BSE.
The scrip opened at Rs. 207.60 and has touched a high and low of Rs. 215.90 and Rs. 207.60 respectively. So far 59831 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 237.55 on 02-Jan-2018 and a 52 week low of Rs. 124.60 on 30-Jan-2017.
Last one week high and low of the scrip stood at Rs. 223.10 and Rs. 208.55 respectively. The current market cap of the company is Rs. 3793.19 crore.
The promoters holding in the company stood at 47.48%, while institutions and non-institutions held 39.79% and 12.73% respectively.
Gayatri Projects has bagged two new orders worth Rs 923 crore from National Highways Authority of India (NHAI). The company has secured first order for Rehabilitation and Upgradation of 4 Laning of Cuttack - Angul Section of NH-42 (new NH-55) from Km. 60.200 to Km. 112.000 (Package - 2) in the State of Odisha under NHDP PHASE - III on EPC mode for Rs 529 crore, while second order worth Rs 394 crore consist 4 Laning of Rajamunda-Barkote Section of NH-23 (New NH-143 from Km 287.22 to Km.337.185 in the State of Odisha under NHDP - IV on EPC mode.
These projects will be executed on an EPC (Engineering, Procurement & Construction) basis in fine with the management’s decision to follow an asset-light model, and will further reinforce Gayatri’s position as one of India’s top highway builders.
Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, primarily undertaking road and irrigation projects.
