Introduction: GMR Power Share Receives New Order Worth Rs 2,470 Crore
GMR Power Share, a company in the power generation and distribution sector of the Indian stock market, has recently received a new order worth Rs 2,470 crore. This order is expected to boost the stock’s performance, and in this article, we will provide detailed information about the company’s operations, its current position in the stock market, and the returns and new orders it has received.
GMR Power and Urban Infra Ltd
GMR Power and Urban Infra Ltd is a part of the GMR Group, which includes companies like GMR Infrastructure, GMR Energy, JMR Airport, and GMR Enterprises. The company operates in different segments such as infrastructure, energy, transformation, and UPS. It was founded in 1978 by Grandhi Malikarjuna Rao in Delhi, and it merged Energy and Infra on January 11, 2022.
Current Status of GMR Power Share
The market cap of GMR Power Share is Rs 2009.97 crore, with a debt of Rs 3,664.95 crore. The promoter holding is recorded at 59.83%, and the company has Rs 56 crore of free cash available. The sales growth of the company is -10.15%, and the profit growth is -481.06%. The company has not given any dividends to its investors so far.
Return Information for Last 5 Years
In terms of returns, GMR Power Share has provided a return of 90% in the last 6 months, 17% in the last 1 year, -9% in the last 3 years, and -6% in the last 5 years. These returns indicate that the company is currently performing well in the short term.
New Order Worth Rs 2,470 Crore
GMR Power Share recently received a new order worth Rs 2,470 crore from Dakshinchal Vidyut Vitran Nigam Limited under the Smart Metering Project. This order is in addition to the previous order of Rs 5,123 crore received from the Uttar Pradesh Government for making smart electric meters. With the continuous influx of big orders, the company’s shares are expected to rise.
The current trading price of GMR Power Share is ₹33, with a 52-week high of ₹39 and a 52-week low of ₹14. Due to the recent orders, the company has seen a return of 64% in the last 1 month. With the addition of the new order, the company’s shares are likely to register further growth.
Disclaimer: The news provided is for informational purposes only and does not constitute investment advice. Investing in the stock market carries risks, so it is recommended to seek expert advice before making any investment decisions.
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