GVK Power & Infrastructure registers new 52-week high
Shital Jibhe / 14 Feb 2017
GVK Power & Infrastructure has emerged as the stock of the day, as it hit a fresh 52-week high of Rs 7.70. The stock has witnessed a spurt in volume by more than 5.76 times.
GVK Power & Infrastructure has emerged as the stock of the day, as it hit a fresh 52-week high of Rs 7.70. The stock has witnessed a spurt in volume by more than 5.76 times.
Soon after the reports of GVK group winning the contract to build the much-delayed Navi Mumbai International Airport (NMIA) came into light, the stock of the company has surged. The BSE has sought clarification from the company on the same. In the last one year, the stock has given a return of 8.15 per cent.
Escorts and Goldman Sachs Mutual Fund are the two fund houses which have invested in the stock of the company. Besides, GVK Power & Infrastructure will also be announcing its Q3FY17 results on February 14, 2017.
Meanwhile, GVK, which currently manages the Mumbai International Airport Ltd. submitted highest revenue sharing model of 12.6 per cent per annum, whereas, its sole closest competitor GMR, which manages the New Delhi airport, quoted a figure of 10.44 per cent.
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