Shares of GVK Power & Infrastructure surged nearly 11 per cent today after the company's standalone net loss narrowed to Rs 71 lakh in the third quarter ended December 31, 2016.
The stock zoomed 10.91 per cent to end at Rs 7.32 on BSE. During the day, it soared 16.66 per cent to Rs 7.70 -- its 52-week high.
On NSE, shares of the company skyrocketed 10.60 per cent to close at Rs 7.30.
On the volume front, 111.89 lakh shares of the company were traded on BSE and over 5 crore shares changed hands at NSE during the day.
"The company has posted a net loss of Rs 71 lakh for the quarter ended December 31, 2016, as compared to net loss of Rs 6.8 crore for the quarter ended December 31, 2015," the company said in a BSE filing today.
Total income has increased to Rs 18.42 crore for the October-December quarter from Rs 16.92 crore for the same period a year ago.
Disclaimer: No Business Standard Journalist was involved in creation of this content
