GMR - ROBUST - koolfriend4u
GMR Infrastructure builds on strong Q3 results
Jan 25 2008 2:07PM
The results were announced after trading hours on Thursday, 24 January 2008.
Meanwhile, BSE Sensex was up 956.59 points or 5.55% to 18,178.33. Stocks rose in Asia today, 25 January 2008, buoyed up by several factors including strong corporate sentiment in Germany and a return of some confidence in the US economy after solid employment data and a congressional fiscal package. The Bush administration's fiscal package includes $150 billion of tax rebates and business incentives meant to prevent a slowdown in the country's economy.
On BSE, 71.48 lakh shares were traded in the counter. The scrip had an average daily volume of 35.77 lakh shares in the past one quarter.
The stock hit a high of Rs 179.80 and a low of Rs 164.25 so far during the day. The stock had a 52-week high of Rs 268.70 on 6 December 2007 and a 52-week low of Rs 65.43 on 3 April 2007.
The large-cap scrip had underperformed the market over the past one month 24 January 2008, declining 34.25% compared to the Sensexs decline of 14.71%. It had outperformed the market in the past one quarter, gaining 2.71% compared to Sensexs decline of 10.50%.
The companys current equity is Rs 364.13 crore. Face value per share is Rs 2.
The current price of Rs 179.40 discounts Q3 December 2007 annualized EPS of Rs 0.34 by a PE multiple of 527.65.
GMR Infrastructures total income has risen 263.8% to Rs 23.54 crore in Q3 December 2007 over Q3 December 2006.
On 28 November 2007, GMR Energy, a wholly owned subsidiary of GMR Infrastructure entered into a share purchase and joint venture agreement to acquire 80% stake of Himtal Hydro Power Company.
GMR Infrastructure's principal activity is to generate, transmit and distribute electrical power. It also develops, maintains and operates airports and roads.
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