India's GPT Infraprojects surges on rise in Q3 earnings

GPT Infraprojects

31/01/2023 09:23

** Shares of GPT Infraprojects  GPTI.NS  rise as much as
8.03%, most intraday gain in two weeks, to 58.50 rupees
    ** The rise comes after the infrastructure firm reported
rise in net profit, revenue and core profit in Q3
    ** One of the largest infrastructure outlays by the
government has led to strong performance in the quarter and
financial year so far, says company's chairman Dwarika Prasad
Tantia
    ** Co expects continued support to the sector from the
budget and approves an interim dividend of 1 rupee per share for
FY23
    ** The record date for the interim dividend has been fixed
on Feb. 10, 2023
    ** About 147,530 shares change hands as of 2:44 p.m. IST,
nearly twice the 30-day avg of 81,592 shares
($1 = 81.6970 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))