GMR Infrastructure surges after it starts trading at stock exchanges as pure-play airport sector company

GMR Infrastructure is currently trading at Rs. 44.90, up by 0.10 points or 0.22% from its previous closing of Rs. 44.80 on the BSE.

The scrip opened at Rs. 45.00 and has touched a high and low of Rs. 45.40 and Rs. 43.95 respectively. So far 1258236 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 46.84 on 05-Jan-2022 and a 52 week low of Rs. 21.44 on 26-Apr-2021.

Last one week high and low of the scrip stood at Rs. 46.79 and Rs. 42.50 respectively. The current market cap of the company is Rs. 27041.03 crore.

The promoters holding in the company stood at 60.50%, while Institutions and Non-Institutions held 29.18% and 10.32% respectively.

GMR Infrastructure (GIL) has started trading at the stock exchanges as a pure-play airport sector company. This is posting the demerger of non-airports business of GIL into GMR Power and Urban Infrastructure (GPUIL). With GIL, for the first time, investors now have the opportunity to invest in the airport sector in the country.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

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