G R Infraprojects' stock saw an uptick, trading at Rs. 1622.00, reflecting a gain of 15.85 points or 0.99% compared to its previous close of Rs. 1606.15 on the BSE. The stock opened at Rs. 1604.70, with a day's high and low at Rs. 1622.00 and Rs. 1603.70, respectively, with 301 shares exchanged so far.
This 'A' category stock, with a face value of Rs. 5, reached its 52-week peak at Rs. 1859.95 on June 26, 2024, and a low of Rs. 1025.00 on November 30, 2023. Over the past week, the stock traded between Rs. 1623.15 and Rs. 1481.80. The company's market cap stands at Rs. 15,529.71 crore, with promoter holdings at 74.74%, while institutional and non-institutional investors hold 21.90% and 3.36%, respectively.
In a recent development, G R Infraprojects signed a Share Purchase Agreement with REC Power Development and Consultancy (RECPDCL) to acquire Tumkur-II REZ Power Transmission (TRPTL) for Rs. 6.72 crore, making TRPTL a fully-owned subsidiary. The acquisition is part of the company's responsibility as the Selected Bidder for the establishment of a 400/220 kV Pooling Station near Tumkur, Karnataka, along with related power infrastructure, as per the Letter of Intent dated August 12, 2024.
G R Infraprojects, known for its expertise in road engineering, procurement, and construction (EPC), has executed several road and highway projects across multiple Indian states.