The Hindu Business Line : Gayatri Projects gains 11 pc

The stock of Hyderabad-based Gayatri Projects has gained more than 11 per cent week-on-week on the BSE. The counter, which ended at Rs 316.95 on the BSE today, is being propelled by strong fundamentals.

Analysts said that the company is likely to double its revenues from Rs 370 crore last year to Rs 750 crore in 2007-08. The company has order backlog of Rs 2,400 crore and is targeting order backlog of Rs 3,000 crore for the current fiscal.

Deeptha Rajkumar

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