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Shares of GMR Airport Infrastructure have seen an increase of more than 10 percent in the stock market today. After which the company’s share has reached a 13-year high of 66.20 rupees. Currently, GMR Airport handles 26 percent of the country’s domestic airport traffic and 33 percent of international traffic.
Shares were up 12 percent today
The share price of the company has seen an increase for the fourth consecutive day today. The share price of the company has increased by 23 percent in these 4 trading sessions. Currently, this stock has broken the record of May 2010. Let us tell you that on Thursday, the shares of the company rose up to 12 percent.
The company is paying a dividend of Rs 42 per share on record date today
The company’s quarterly results are being considered as the main reason behind the surge in the company’s share price. GMR Infrastructure’s EBITDA increased by 77 percent. In the June quarter it was Rs. 753 crore has been. In the first quarter of the current financial year, the company’s revenue has grown by 40 percent year-on-year. Let us tell you that, in the last one month, the share price of the company has increased by 77 percent.