GVK Power & Infrastructure jumped 18.52% to Rs 11.84 at 15:21 IST on BSE after a portfolio management company bought bulk shares in the company in a bulk deal on Friday, 21 July 2017.
Meanwhile, the S&P BSE Sensex was up 223.58 points or 0.7% at 32,252.47. The S&P BSE Small-Cap index rose 43.22 points or 0.27% at 16,035.85.
On the BSE, 1.41 crore shares were traded on the counter so far as against the average daily volumes of 18.96 lakh shares in the past one quarter. The stock hit a high of Rs 11.98 in intraday trade so far, which is a 52-week high for the counter. The stock had hit a low of Rs 10.80 so far during the day. The stock had hit a 52-week low of Rs 5.05 on 25 May 2017.
The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Rs 1.
Portfolio management firm Equity Intelligence India in its portfolio management scheme bought 1.88 crore shares of GVK Power & Infrastructure at Rs 9.61 per share in a bulk deal on NSE on Friday, 21 July 2017.
GVK Power & Infrastructure reported net loss of Rs 205.85 crore in Q4 March 2017, higher than net loss of Rs 105.59 crore in Q4 March 2016. Net sales rose 4.1% to Rs 7.10 crore in Q4 March 2017 over Q4 March 2016.
GVK Power & Infrastructure is a leading conglomerate with presence across energy, airports, transportation, hospitality and life sciences.
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