Gammon Infrastructure Projects lost 3.38% at Rs 5.15 at 10:45 IST on BSE after net profit fell 1.84% to Rs 5.88 crore on 15.94% rise in total income to Rs 85.66 crore in Q1 June 2016 over Q1 June 2015.
The announcement was made after market hours yesterday, 25 August 2016.Meanwhile, the S&P BSE Sensex was up 2.02 points or 0.01% at 27,837.93
On BSE, so far 79,000 shares were traded in the counter as against average daily volume of 2.39 lakh shares in the past one quarter. The stock hit a high of Rs 5.30 and a low of Rs 5.10 so far during the day. The stock had hit a 52-week high of Rs 13 on 28 August 2015. The stock had hit a 52-week low of Rs 3.80 on 2 June 2016. The stock had underperformed the market over the past 30 days till 25 August 2016, falling 3.44% compared with Sensex's 0.67% fall. The scrip had, however, outperformed the market in past one quarter, advancing 28.43% as against Sensex's 4.44% rise.
The small-cap company has equity capital of Rs 188.35 crore. Face value per share is Rs 2.
Gammon Infrastructure Projects said that no closure of the sale has been finally agreed with BIF India Holdings Pte. (Brookfield) on the pending sale of 3 special purpose vehicles (SPVs) to Brookfield.
Gammon Infrastructure Projects undertakes development of infrastructure projects on public private partnership (PPP) basis.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content