Gayatri Projects is currently trading at Rs. 136.15, up by 1.85 points or 1.38% from its previous closing of Rs. 134.30 on the BSE.
The scrip opened at Rs. 136.25 and has touched a high and low of Rs. 141.00 and Rs. 134.65 respectively. So far 3961 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 211.00 on 31-Aug-2018 and a 52 week low of Rs. 129.70 on 08-Aug-2019.
Last one week high and low of the scrip stood at Rs. 141.00 and Rs. 129.70 respectively. The current market cap of the company is Rs. 2477.57 crore.
The promoters holding in the company stood at 44.95%, while Institutions and Non-Institutions held 40.59% and 14.45% respectively.
Gayatri Projects has received award of an arbitration claim worth Rs 9,143 million, in favour of its JV with IL&FS Engineering & Construction company for the Nagaland Project. The proceeds from the award will be distributed in proportion to the work done by each partner & payment will be released on completion of the court process.
As guided by the company in FY19, Gayatri Projects is focusing its efforts on potentially monetizing its Arbitration awards & claims in order to continue deleveraging its balance sheet. The arbitration award of Rs 9,143 million will accrue an interest of 12% p.a. till realization of payment is done. On finalization of the award claims, bank guarantees by the JV partners, worth Rs 2,400 million will also be released.
Gayatri Projects is the flagship company of the esteemed and well diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.