GMR Infrastructure surges on expanding its subsidiary company tally

15 Nov 2011

GMR Infrastructure is currently trading at Rs. 24.00, up by 0.30 points or 1.27% from its previous closing of Rs. 23.70 on the BSE.

The scrip opened at Rs. 24.30 and has touched a high and low of Rs. 25.15 and Rs. 23.30 respectively. So far 523623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.30 on 15-Nov-2010 and a 52 week low of Rs. 23.50 on 15-Nov-2011.

Last one week high and low of the scrip stood at Rs. 26.85 and Rs. 23.30 respectively. The current market cap of the company is Rs. 9225.07 crore.

The promoters holding in the company stood at 71.42% while Institutions and Non-Institutions held 20.29% and 8.30% respectively.

GMR Infrastructure, part of GMR Group - has increased its subsidiary company in accordance with the provisions of the Companies Act, 1956. GMR Business Process and Services, Asia Pacific Flight Training Academy and GMR Kishangarh Ahmedabad Expressways have become subsidiary company of GMR Infrastructure.

The company’s net profit for the quarter ended September 30, 2011 has jumped over six and a half fold at Rs 58.36 crore as compared to Rs 8.97 crore for quarter ended September 30, 2010. The company’s total income has zoomed 163.32% to Rs 337.94 crore for the Q2FY12 from Rs 128.34 crore for the corresponding quarter of the previous year.

The GMR Group is a Bangalore-headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. GIL is the holding company for the infrastructure business of the GMR group.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323