GMR Infrastructure rose 1.27 per cent to Rs13.54 on the BSE after the company´s subsidiary entered into definitive agreements with Adani Transmission to transfer the interest in its transmission projects. The announcement was made during market hours on July 1, 2016. Shares of Adani Transmission gained 4.41 per cent to Rs 40.25. Meanwhile, the S&P BSE Sensex was up 200.15 points or 0.74 per cent at 27,199.87. The stock had hit a 52-week high of Rs.18.60 on 3 December 2015.
The stock had hit a record low of Rs.9.58 on 4 September 2015.
The stock had outperformed the market over the past one month till 30 June 2016, gaining 16.26 per cent compared with the Sensex´s 1.03 per cent gains. The stock had also outperformed the market in the past one quarter, rising 16.26 per cent as against the Sensex´s 6.56 per cent rise.
GMR Infra gains after subsidiary sells stakes in transmission projects
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