The stock so far has jumped 2.3 percent to a high at Rs. 14.82 on the BSE.
GMR Infrastructure is trading on a positive note on acquiring 10 percent equity stake in Delhi International Airport (DIAL) from Malaysia Airports for a revised consideration of 80 million US dollar.
According to a release issued to the BSE, with the acquisition of stake from Malaysia Airports, the company's equity stake in DIAL has increased to 64 percent.
The stock so far has hit an intra-day high at Rs. 14.82 - up 2.3 percent from its previous close. Now, the stock is up 1.2 percent at Rs. 14.65.
The BSE counter has registered trades of around 357,000 shares, as against two-week daily average volume of 2.1 million shares.
Meanwhile, the BSE Sensex is down 50 points at 27,593.
According to a release issued to the BSE, with the acquisition of stake from Malaysia Airports, the company's equity stake in DIAL has increased to 64 percent.
The stock so far has hit an intra-day high at Rs. 14.82 - up 2.3 percent from its previous close. Now, the stock is up 1.2 percent at Rs. 14.65.
The BSE counter has registered trades of around 357,000 shares, as against two-week daily average volume of 2.1 million shares.
Meanwhile, the BSE Sensex is down 50 points at 27,593.
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