GMR Infrastructure rose 0.80% to Rs 25.35 at 9:29 IST on BSE after the company said its board will meet on 16 September 2014, to consider raising funds through rights issue of shares.
The announcement was made after market hours on Thursday, 11 September 2014.
Meanwhile, the BSE Sensex was up 50.22 points, or 0.19%, to 27,046.09.
On BSE, so far 5.26 lakh shares were traded in the counter, compared with an average volume of 28.45 lakh shares in the past one quarter.
The stock hit a high of Rs 25.70 and a low of Rs 25.25 so far during the day. The stock hit a 52-week high of Rs 38.30 on 10 June 2014. The stock hit a 52-week low of Rs 17.45 on 12 September 2013.
The stock had underperformed the market over the past one month till 11 September 2014, falling 1.57% compared with 5.79% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 29.45% as against Sensex's 5.97% rise.
The large-cap company has an equity capital of Rs 436.13 crore. Face value per share is Rs 1.
GMR Infrastructure reported consolidated net loss of Rs 593.20 crore in Q1 June 2014, higher than net loss of Rs 326.03 crore in Q1 June 2013. Total income rose 4% to Rs 2796.37 crore in Q1 June 2014 over Q1 June 2013.
GMR Infrastructure is a global infrastructure major with interests in airports, energy, highways and urban infrastructure sectors.
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