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Court boost to stock

Mumbai, Dec. 3 (PTI): Shares of GMR Infrastructure today ended with a gain of nearly 6 per cent after the company won a reprieve from the Singapore high court for its Male airport project.

After surging over 6 per cent during the day, shares of the company ended at Rs 19.65, up 5.36 per cent on the BSE.

On the NSE, the scrip settled at Rs 19.70, up 5.91 per cent from its previous close.

“The stock saw an uptick in a knee-jerk reaction to the Singapore high court outcome,” Kishor Ostwal, chairman and managing director of CNI Research, said.

 
 
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