Construction Stock Sees 125 Times Spurt In Volume, Subsidiary Bags 737 Cr Order

Shares of small cap stock from construction sector, G R Infraprojects Ltd on Thursday witnessed 124.75 times spurt in volume. Current market price of G R Infraprojects share is Rs 1227.15 after a decline of 1.52% on BSE today. G R Infraprojects stock gained 25% in last 6-months. The company's subsidiary GR Yamuna Bridge Highway Private Limited on September 20 informed execution of the concession agreement with Ministry of Road Transport and Highways. Check details below:

GR Yamuna Bridge Highway Executes Concession Agreement With Ministry of Road Transport: As per the BSE filing of G R Infraprojects dated September 20, "In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that "GR YAMUNA BRIDGE HIGHWAY PRIVATE LIMITED" wholly owned subsidiary of the Company have executed the concession agreement with the Ministry of Road Transport and Highways on 20th September 2023.

GR Yamuna Bridge Highway was awarded the order for the construction of four lane highway from Km 74.700 to Km 112.950 (Baranpur Kadipur Ichauli to Rampuriya Awwal) of NH‐731A (i/c Yamuna Bridge) in the State of Uttar Pradesh on Hybrid Annuity Mode. The order was worth Rs 737.17 crore. It is expected to be completed in 730 days from appointed date.

G R Infraprojects Stock Outlook & Return: Current market price of G R Infraprojects share is Rs 1227.15 per share on BSE. Its 52-week high price is Rs 1381.60 per share and 52-week low price is Rs 930.00 per share, respectively. The company has a market capitalisation of Rs 11,865.19 crore. G R Infraprojects stock fell 5% in last 3-months, gained 4% YTD, and declined 4% in last 1-year. It is worth mentioning here that G R Infraprojects shares witnessed volume of 4.52 lakh shares by 10:45 am on BSE today and a 124 fold spurt over two-week average volume of 3929 shares, according to Capital Market.

G R Infraprojects Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 2,478.23 crore, down 7.95% as against Rs 2,692.15 crore in June 2022. Its quarterly net profit was announced at Rs 309.84 crore in June 2023, down 23.47% as against Rs 404.86 crore in June 2022. The company's EBITDA stood at Rs 628.66 crore in June 2023, down 10.29% as compared to Rs 700.80 crore in June 2022.