The market opened in green on August 18, 2020. 

GPT Infraprojects Limited has bagged an order worth Rs 196.30 crore from Railway Vikas Nigam Limited, Kolkata. With this, the stock of GPT Infra surged 11.7 per cent during Tuesday’s morning session.

 The company had strategically acquired ‘Adda52.com’, India’s largest online poker destination in 2017. With this investment, the company has consolidated its position in India’s gaming industry.

The consolidated net sales reported in Q1FY21 came in at Rs 4,883.57 crore, which declined by 43.3 per cent YoY from Rs 8,613.44 crore in Q1FY20.

As mentioned about the sheet anchor role played by 21-EMA, yet again, it has acted as a saviour. Hence, going ahead, all eyes will be on the 21-EMA, which is currently placed at 11,111 and also coincides with Friday’s low. Stocks in news: TVS Motor, Trigyn Technologies, Bandhan Bank, JUMPNET.

With rising tension between two largest economies i.e. America and China after the former imposed another fresh restriction on Huawei, followed by the mix cues from global markets, the Indian equity markets are likely to open muted on Tuesday.

Net revenue of the company stood at Rs 605.95 crore in Q1FY21.

Let’s take a look at the recent order books of the major infrastructure companies which are likely to gain with this infra push. Order book of Larsen & Toubro (L&T) as on June 2020 stood at Rs 3,05,100 crore, NCC as on June 2020 stood at Rs 27,916 crore, Ashoka Buildcon as on June 2020 stood at Rs 8,616.8 crore, NBCC as on March 2020 was nearly Rs 70,000 crore and KNR Constructions as on March 2020 stood at Rs 7,888 crore.

The company recorded a consolidated profit of Rs 30.78 crore in Q1FY21.

The year 2020 is turning out to be a happening year for investors. After witnessing a record high in the month of January 2020, we saw a drastic fall in the equity market and even more dramatic recovery.