Griprojects stock price: The stock of Civil Construction Sector company GR Infrastructures fell by 5 percent on 3 February. In the October-December 2024 quarter, the company’s revenue fell 20 percent. However, the profit has increased by 8 percent during the quarter. GR Infrastructures’ stock opened at Rs 1250 with a morning lead over BSE. In the day, it fell 6.6 percent from the last closed price to Rs 1191.90. The stock fell nearly 5 percent to settle at Rs 1216 when the business shut down.
The company’s market cap has come to Rs 11700 crore. The stock has become cheaper in the last 6 months and 16 percent cheaper in a month. The old name of GR Infrastructures was GR Aggarwal Builders and Developers Limited.
How much profit and revenue remained in December quarter
In the December 2024 quarter, the pure consolidated profit of Gr Infraprojects increased by 8 percent to Rs 262.59 crore on an annual basis. The profit was Rs 242.87 crore a year ago. Consolidated revenue from the operations during the quarter came down by 20 percent to Rs 1694.50 crore over a year ago. Revenue was Rs 2134.02 crore in the December 2023 quarter.
Recently, under the GR Infrastructure, Western Railway, the Rs 262.28 crore railway infrastructure emerged as a low -bidder for the project. Promoters had a 74.70 percent stake in the company by the end of December 2024.
Shares have gone up to Rs 1,859.95
The GR Infrastructures shares created their peak at Rs 1,859.95 on 26 June 2024. Low the share record was seen on Rs 1,168.70 on 22 February 2024. The upper price band for the stock is Rs 1,532 and the lower price band is Rs 1,021.40. The circuit limit is 20 percent.
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