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Shares of GMR Infrastructure today settled for the day with gains of over two per cent as the company forayed into the railway sector and accordingly, the market capitalisation of the company swelled by Rs 157 crore.
GMR, today said it has forayed into the railway sector, winning a construction package worth Rs 267 crore , along with partners, including Tata projects from Rail Vikas Nigam.
Reacting to the development, shares of the company opened on a bullish note and then surged 2.69 per cent to an intra-day high of Rs 20.95. At the end of today’s trading the shares of the company was quoted at Rs 20.85, higher by 2.21 per cent from its previous closing price.
Accordingly, the market capitalisation of the company swelled Rs 157 crore, to Rs 8,096 crore.
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