Gayatri Projects share price up on sub-division of shares

The board of directors of Gayatri Projects Limited, at a meeting held on Monday (26^th December, 2016), has approved sub-division of nominal value of the company's equity shares of Rs 10 each to Rs 2 per share.

Apart from sub-division of shares, the alteration of Capital Clause in Memorandum of Association of the firm was also approved during the board meeting. The board nod is subject to the approval of the members to be sought by way of voting via postal ballot process, the firm informed the Bombay Stock Exchange (BSE). Gayatri Projects share price traded over 5 per cent higher on the NSE today.  

Gayatri Projects Limited, incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 2210.86 Cr.) operating in Construction sector.

Gayatri Projects Limited key Products/Revenue Segments include Contract Revenue which contributed Rs 1701.70 Cr to Sales Value (93.90 per cent of Total Sales), Other Services which contributed Rs 105.50 Cr to Sales Value (5.82 per cent of Total Sales) and Generation Of Electricity which contributed Rs 5.02 Cr to Sales Value (0.27 per cent of Total Sales) for the year ending 31-Mar-2016.

For the quarter ended 30-09-2016 (Q2), the company has reported Standalone sales of Rs 347.14 Cr., down -19.46 from last quarter Sales of Rs 431.03 Cr and up 10.27 from last year same quarter Sales of Rs 314.80 Cr. The Company has reported net profit after tax (PAT) of Rs 11.62 Cr in the latest quarter.

Gayatri Projects Limited is the flagship company of the esteemed and well diversified Gayatri Group which has interests in infrastructure, power, real estate, hospitality and industry. The firm has a strong presence in the EPC - Engineering Procurement and Construction, construction of road, irrigation and industrial projects across the country.

For further information on the support and resistance levels of this top 500 recommended stock by Dynamic Levels Research Analysts, visit Gayatri Projects share price history page of Dynamic Levels.

Gayatri Project Q1 Profit Up 51%, Stock Down By 0.42 %

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 26^th 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 24^th Dec ’15 while the 52 week low is seen at Rs. 377.00 on 26^th 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.