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    Trending stocks: GMR Infrastructure shares climb over 3%

    Synopsis

    A total of 363,938 shares changed hands on the counter till 11:03AM (IST).

    Agencies

    Total market cap of the GMR Infrastructure Ltd. stood at Rs 12343.51 crore at the time of writing this report. 

    NEW DELHI: Shares of GMR Infrastructure Ltd. traded 3.03 per cent up in Wednesday's trade at 11:03AM (IST). Around 363,938 shares changed hands on the counter.

    The counter opened at Rs 20.75 and touched an intraday high and low of Rs 20.85 and Rs 20.1, respectively, in the session so far. Shares of the company of GMR Infrastructure Ltd. quoted a 52-week high of Rs 26.55 and a 52-week low of Rs 14.05.

    Total market cap of the GMR Infrastructure Ltd. stood at Rs 12343.51 crore at the time of writing this report.

    Battling against challenges in the wake of the COVID-19 pandemic, diversified conglomerate GMR Group has revised downwards employees' salary by up to 50 per cent with effect from May, a source said.

    Key Financials
    The company reported consolidated net sales of Rs 1990.76 crore for the quarter ended 31-Dec-2019, up 11.2 per cent from previous quarter's Rs 1790.33 crore and up 7.61 per cent from the year-ago quarter's Rs 1850.0 crore.

    The net loss for latest quarter stood at Rs 280.74 crore, down 49.96 per cent from the corresponding quarter last year.

    Shareholding pattern
    As of 31-Mar-2020, DIIs held 0.51 per cent stake in the firm, while foreign institutional investors held 20.58 per cent and the promoters 65.31 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of -3.61 and a price-to-book ratio of 9.94. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    GMR Infrastructure Ltd. belongs to the Infrastructure - Diversified industry.
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    The Economic Times