Upper circuit stock: GPT Infraprojects continues upward surge

GPT Infraprojects Limited (GPT) has announced that it has bagged an order valued at Rs 162.83 crore.

Reacting to this, the stock of GPT Infraprojects hit the 10 per cent upper circuit and made an intraday high of Rs 32.35 per share.

The scope of the work includes repair and rehabilitation of 2nd Hooghly Bridge which is also known as Vidyasagar Setu, including replacement of Stay & Holding Down Cables and Bearings etc. This Contract is in Joint Venture of which GPT’s share is 51 per cent.

The company currently has in hand orders of nearly 2,040 crore including cumulative order inflow of 790 Crore in the current financial year.

The company has reported a net profit of Rs 5.21 crore in Q2FY21, a rise of 39 per cent YoY. It has reported net sales of 143.25 crore in Q2FY21, an increase of 9.1 per cent YoY.

GPT Infraprojects Limited, is the flagship company of GPT Group, is an infrastructure company based out of Kolkata. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways.

At 10.45 am today, the share of GPT Infraprojects was trading at Rs 32.35 per share on BSE, up by 9.85 per cent.