GMR Infrastructure is currently trading at Rs. 23.65, up by 0.05 points or 0.21% from its previous closing of Rs. 23.60 on the BSE.
The scrip opened at Rs. 23.55 and has touched a high and low of Rs. 24.00 and Rs. 23.20 respectively. So far 395530 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.35 on 01-Jan-2014 and a 52 week low of Rs. 10.65 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 25.35 and Rs. 22.75 respectively. The current market cap of the company is Rs. 9186.15 crore.
The promoters holding in the company stood at 71.70% while Institutions and Non-Institutions held 18.33% and 9.97% respectively.
In a bid to deleverage its balance sheet by selling non-core assets, GMR Infrastructure is reportedly planning to exit part of its Nepal Assets. In this regard, GMR is assessing valuation on Nepal Assets.
GMR Energy and GMR Infrastructure are likely to exit Upper Karnali Project. The project was awarded to GMR consortium after the Cabinet approval of Government of Nepal based on the International Competitive Bidding (ICB) process which followed a rigorous multi-layered evaluation process.
GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. The company has 14 power generation assets of which 8 are operational and 6 are under various stages of development and 8 Road assets, of which 7 are operational and one is under construction.