GMR Airports Infrastructure Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

GMR Airports Infrastructure has entered into a share purchase agreement to acquire 4,60,000 equity shares of Waisl (WAISL) (representing 8.40% of the equity shares of WAISL) from Utthishta Virat Fund, an existing shareholder of WAISL, for a total consideration of Rs. 56.66 crore.

WAISL was incorporated on 22 October 2009, under the Companies Act, 1956 and is engaged in the business of delivering world-class, end to end digital infrastructure at airports and operates as an exclusive partner for IT services at airports. Revenue from operations of WAISL for the FY 2023, 2022 and 2021 were Rs.391 crore, Rs.152 crore and Rs.143 crore respectively.

The Company has been exploring opportunities of investing in entities engaged in Airport adjacencies/ Airport related businesses etc. to strengthen its presence in all aspects of airport related / airport adjacent businesses.

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Net loss of GMR Airports Infrastructure reported to Rs 317.46 crore in the quarter ended December 2023 as against net profit of Rs 191.36 crore during the previous quarter ended December 2022. Sales rose 26.41% to Rs 2226.65 crore in the quarter ended December 2023 as against Rs 1761.46 crore during the previous quarter ended December 2022.

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GMR Airports Infrastructure will hold a meeting of the Board of Directors of the Company on 31 January 2024.

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Phoenix Mills Ltd, Trident Ltd, Garware Technical Fibres Ltd, Tata Teleservices (Maharashtra) Ltd are among the other stocks to see a surge in volumes on BSE today, 08 January 2024.

GMR Airports Infrastructure Ltd witnessed volume of 405.15 lakh shares by 10:48 IST on BSE, a 12.88 times surge over two-week average daily volume of 31.44 lakh shares. The stock increased 3.32% to Rs.86.70. Volumes stood at 36.04 lakh shares in the last session.

Phoenix Mills Ltd clocked volume of 71828 shares by 10:48 IST on BSE, a 8.73 times surge over two-week average daily volume of 8228 shares. The stock gained 3.51% to Rs.2,571.95. Volumes stood at 21523 shares in the last session.

Trident Ltd recorded volume of 294.47 lakh shares by 10:48 IST on BSE, a 6.78 times surge over two-week average daily volume of 43.43 lakh shares. The stock gained 13.86% to Rs.46.57. Volumes stood at 146.14 lakh shares in the last session.

Garware Technical Fibres Ltd registered volume of 3919 shares by 10:48 IST on BSE, a 5.92 fold spurt over two-week average daily volume of 662 shares. The stock rose 8.46% to Rs.3,665.55. Volumes stood at 269 shares in the last session.

Tata Teleservices (Maharashtra) Ltd registered volume of 27.61 lakh shares by 10:48 IST on BSE, a 4.38 fold spurt over two-week average daily volume of 6.31 lakh shares. The stock rose 5.69% to Rs.96.91. Volumes stood at 5.68 lakh shares in the last session.

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