GMR Infrastructure dropped 5.32% to Rs 16.90 at 12:45 IST on BSE after the company reported consolidated net loss of Rs 404.46 crore in Q2 September 2017 compared with net loss of Rs 893.37 crore in Q2 September 2016.
GMR Infrastructure's consolidated net sales fell 13.2% to Rs 1822.38 crore in Q2 September 2017 over Q2 September 2016.The result was announced before market hours today, 15 November 2017.
Meanwhile, the S&P BSE Sensex was down 122.62 points, or 0.37% to 32,819.25.
On the BSE, 16.06 lakh shares were traded in the counter so far, compared with average daily volumes of 24.17 lakh shares in the past one quarter. The stock had hit a high of Rs 17.60 and a low of Rs 16.80 so far during the day. The stock had hit a 52-week high of Rs 22.10 on 22 June 2017. The stock had hit a 52-week low of Rs 10.90 on 22 November 2016.
The stock had outperformed the market over the past one month till 14 November 2017, rising 10.87% compared with 1.57% rise in the Sensex. The scrip had also outperformed the market in the past one quarter, gaining 10.87% as against Sensex's 4.75% rise. The scrip had also outperformed the market in the past one year, jumping 51.27% as against Sensex's 22.83% rise.
The large-cap company has equity capital of Rs 603.59 crore. Face value per share is Re 1.
GMR Group is a leading global infrastructure conglomerate with interests in airport, energy, transportation and urban infrastructure.
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