Infrastructure Company, Gayatri Projects saw an increase of 51 percent in net profit to Rs 16.14 crore for the first quarter ended June 30, owing to the increased income. The company had disclosed a net profit of Rs 10.69 crore in the same quarter of the previous financial year, according to the company. Total income from operations during the quarter increased to Rs 432.44 crore as compared to Rs 405.09 crore a year ago. Total expenses also rose to Rs 381.13 crore during the quarter, while expenses during April-June 2015-16 stood at Rs 356.61 crore. Gayatri Projects is the flagship company of diversified Gayatri group having interests in infrastructure, power, hospitality and real estate.
On 26th August Gayatri Projects share price rolled down by 0.42%. The stock opened with a fall of 2 points at Rs. 704 as compared to its previous closing at Rs.699.65. The stock touched the days high and low at Rs. 721 and Rs.693. Approximately 2,04,753 shares are traded in the counter with a traded value of Rs. 1,444.49, as per NSE. The stock saw a spurt in volume by more than 4.44 times.
The lower price band of the share is Rs. 560.05 and the upper price band is Rs. 840.05. The 52 week high of Gayatri Projects share price is observed at Rs. 769.00 on 24th Dec ’15 while the 52 week low is seen at Rs. 377.00 on 26th Aug ‘15. The Average Daily Movement of the stock is 26.62 and its average volume for last 20 days is 38548. The stock yields 11.66% monthly returns and has the PE ratio of 38.50. The market cap of the company amounts to Rs. 2481.70 (Cr) and has a book value of Rs. 208.19.
In order to acquire further details on the support and resistance refer to Gayatri Projects share price forecast.
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