GVK Power and Infra accelerates ahead of results

India’s leading conglomerate and very well-remembered for building Chhatrapati Shivaji International Airport, Mumbai and Kempegowda International Airport, Bengaluru, GVK Power and Infrastructure has yet again made the headlines but this time not on the field but on the national bourses. With Sensex up by 50 points and Nifty just managing to remain in green the scrips of the global conglomerate on Aug 25 is up by 7 per cent and at 10.45 am it was trading at Rs 6.62 gaining Rs 0.46.

Shares of the company in the last five days have surged by 10 per cent and in the last three months have given a return of 32 per cent. Fifty-two week high/low of the company's share stands at Rs 9.77/4.13. On the Financial front, the company has continued its loss making spree. In Q4FY16, the company posted a net loss of Rs 129.61 crores which has narrowed from the net loss of Rs 129.83 crores posted by the company in Q4FY15. However, the revenue of the company increased by 6 per cent in Q4FY16 as compared to Q4FY15. The company has informed the bourses that it will declare its Q1FY17 results on Aug 31 2016.