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Gayatri Projects jumps on plan to invest in overseas joint ventures

21 Sep 2012

Gayatri Projects is currently trading at Rs. 97.60, up by 3.85 points or 4.11% from its previous closing of Rs. 93.75 on the BSE.

The scrip opened at Rs. 96.60 and has touched a high and low of Rs. 98.45 and Rs. 96.60 respectively. So far 3165 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.55 on 22-Feb-2012 and a 52 week low of Rs. 75.58 on 23-Dec-2011.

Last one week high and low of the scrip stood at Rs. 98.45 and Rs. 93.00 respectively. The current market cap of the company is Rs. 234.89 crore.

The promoters holding in the company stood at 63.47% while Institutions and Non-Institutions held 21.22% and 15.31% respectively. 

Gayatri Projects, Hyderabad-based infrastructure company has received approval from the committee members to invest in overseas joint venture companies and for the acquisition of Gayatri Trident FZC, an overseas joint venture company. The company received these approvals at its 23rd annual general meeting held on September 20, 2012.

Gayatri Projects, an ISO 9001 - 2000 company, is one of the fastest growing construction companies in India executing major civil works including construction of concrete/masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports, ports, etc.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323