GMR infra trades with traction on the bourses

GMR Infrastructure is currently trading at Rs. 34.55, up by 0.35 points or 1.02% from its previous closing of Rs. 34.20 on the BSE. The scrip opened at Rs. 34.45 and has touched a high and low of Rs. 35.10 and Rs. 34.40 respectively. So far 1002250 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 38.10 on 26-May-2014 and a 52 week low of Rs. 10.65 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 35.15 and Rs. 31.90 respectively. The current market cap of the company is Rs. 13565.14 crore. The promoters holding in the company stood at 71.70% while Institutions and Non-Institutions held 18.88% and 9.42% respectively. GMR Infrastructure has reported that Honey Flower Estate and Namitha Real Estate have become subsidiaries of the company in accordance with the provisions of the Companies Act, 2013. The company net consolidated profit has doubled to Rs 1,170 crore in the quarter ended March from Rs 579 crore a year ago, helped by income from its stake sale in Istanbul's Sabiha Gokcen international airport GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.