GVK Power & Infrastructure rose 1.05% to Rs 5.76 at 11:36 IST on BSE after Vertex Projects LLP bought 9.48 crore shares at an average price of Rs 5.70 per share via bulk deal mechanism on the NSE yesterday, 6 December 2016.
Meanwhile, the S&P BSE Sensex was up 39.93 points or 0.15% at 26,432.69.
On the BSE, 93,000 shares were traded on the counter so far as against the average daily volumes of 17.67 lakh shares in the past one quarter. The stock had hit a high of Rs 5.82 and a low of Rs 5.62 so far during the day.
The stock had hit a 52-week high of Rs 9.44 on 12 January 2016 on and a record low of Rs 4.13 on 6 June 2016. It had underperformed the market over the past one month till 6 December 2016, sliding 13.9% compared with the Sensex's 3.23% fall. The scrip had also underperformed the market in the past one quarter, declining 12.17% as against the Sensex's 8.92% fall.
The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Rs 1.
G V Krishna Reddy offloaded 2.37 crore shares of GVK Power & Infrastructure (GVK Power) at Rs 5.70 per share in a bulk deal on the NSE on 6 December 2016. G V Sanjay Reddy sold 4.26 crore shares at Rs 5.70 a piece. Krishnaram Bhupal liquidated 2.84 crore shares at Rs 5.70 per share. Vertex Projects LLP bought all 9.48 crore shares in these deals.
G V Krishna Reddy, G V Sanjay Reddy, Krishnaram Bhupal and Vertex Projects LLP owned 4.12%, 7.42%, 4.95% and 37.76% stake respectively in GVK Power end September 2016.
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GVK Power & Infrastructure reported net loss of Rs 13.41 crore in Q2 September 2016, compared with net loss of Rs 8.09 crore in Q2 September 2015. Net sales rose 3.2% to Rs 7.13 crore in Q2 September 2016 over Q2 September 2015.
GVK Power & Infrastructure is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.
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