Wednesday, May 21, 2008

GMR Infrastructure inches ahead after strong quarterly results

On BSE, 23.12 lakh shares were traded in the counter. The scrip had an average daily volume of 19.79 lakh shares in the past one quarter.

The stock hit a high of Rs 152.80 and a low of Rs 145.15 so far during the day. The stock had a 52-week high of Rs 268.70 on 6 December 2007 and the stock hit a 52-week low of Rs 94.10 on 24 May 2007.

The large-cap scrip had underperformed the market over the past one month till 20 May 2008, declining 2.42% compared to the Sensex`s return of 2.93%. It had also underperformed the market in the past one quarter, declining 12.64% compared to Sensex`s decline of 2.20%.

The company`s current equity is Rs 364.13 crore. Face value per share is Rs 2.

The current price of Rs 151.20 discounts its Q3 December 2007 annualised EPS of Rs 0.34, by a PE multiple of 444.71.

GMR Infrastructure`s net sales rose 42.89% to Rs 885.29 crore in Q4 March 2008 over Q4 March 2007, on a consolidated basis.

In April 2008, GMR Energy, a 100% subsidiary of GMR Infrastructure acquired 5% stake in Homeland Mining and Energy SA, South Africa for an undisclosed amount.

In February 2008, a consortium of the company bagged a contract from the government of Nepal to build a 300-megawatt hydroelectric project in Nepal

GMR Infrastructure generates, transmits and distributes electrical power. It also develops, maintains and operates airports and roads.

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