GVK Power & Infrastructure rallies 6.7% after subsidiary settles dispute with HDIL

India Infoline News Service | Mumbai | September 19, 201616:05 IST

The company along with Housing Development & Infrastructure Ltd. announced that they have withdrawn all claims and counter-claims pertaining to the ‘Slum Rehabilitation Agreement’ signed in October 2007.

gvk power infra
GVK Power & Infrastructure Ltd ended at Rs. 6.95, up by Rs. 0.44 or 6.76% from its previous closing of Rs. 6.51 on the BSE. The company along with Housing Development & Infrastructure Ltd. announced that they have withdrawn all claims and counter-claims pertaining to the ‘Slum Rehabilitation Agreement’ signed in October 2007.

The scrip opened at Rs. 6.5 and touched a high and low of Rs. 7.28 and Rs. 6.43 respectively. A total of 25280210 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1028.06 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 9.77 on 24-Nov-2015 and a 52 week low of Rs. 4.13 on 06-Jun-2016. Last one week high and low of the scrip stood at Rs. 6.94 and Rs. 6.23 respectively.

The promoters holding in the company stood at 54.25 % while Institutions and Non-Institutions held 8.76 % and 36.99 % respectively.

The stock traded above its 200 DMA.


***Note: This is a NSE Chart

 

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