Market Insight: GMR Airports Infrastructure Ltd.’s 11.72% Surge and Positive Impact on Infrastructure Sector on Dec 8, 2023

Market Insight: GMR Airports Infrastructure Ltd.'s 11.72% Surge and Positive Impact on Infrastructure Sector on Dec 8, 2023
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On the recent trading session, December 8, 2023, GMR Airports Infrastructure Ltd. showcased remarkable performance in the stock market, experiencing an impressive 11.72% surge in stock prices on both NSE and BSE. As a key player in the Infrastructure sector, this surge had a ripple effect, contributing to a broader approximately 5% rise in the entire infrastructure sector. This reinforces GMR Airports Infrastructure Ltd.’s position as a robust player in the infrastructure domain, making it an attractive choice for investors navigating the evolving landscape of the industry.

GMR Airports Infrastructure Ltd. – NSE Performance (As of December 8, 2023, 04:05 pm IST)

In the recent trading session, GMR Airports Infrastructure Ltd. demonstrated strong performance on the National Stock Exchange (NSE). The current stock price stands at ₹68.89, reflecting a significant increase of +₹7.23 (11.72%). This positive momentum surpassed the previous close of ₹61.66. The day began with an opening price of ₹59.80 and reached a commendable high of ₹70.22, showcasing the stock’s resilience. Despite minor fluctuations, the low remained strong at ₹59.55, underscoring the stability of GMR Airports Infrastructure Ltd.’s stock.

An impressive volume of 86,28,58,691 shares exchanged hands, indicating active participation in the market during the recent trading session. The Volume Weighted Average Price (VWAP) of ₹65.94 further reinforces the positive sentiment surrounding the stock. In the sector of Infrastructure, specifically in Infrastructure – Diversified, GMR Airports Infrastructure Ltd. continues to stand out as a symbol of strength and growth.

GMR Airports Infrastructure Ltd. – BSE Performance (As of December 8, 2023, 03:59 pm IST)

In the recent trading session, GMR Airports Infrastructure Ltd. replicated its success on the Bombay Stock Exchange (BSE), with the stock price soaring to ₹68.90. The positive trajectory is evident in the substantial change of +₹7.21 (11.66%) from the previous close of ₹61.70. The day started with an opening price of ₹59.85 and reached a high of ₹70.40, emphasizing the stock’s upward momentum. The low for the day remained resilient at ₹58.75.A notable volume of 48,72,19,557 shares indicates significant investor interest in GMR Airports Infrastructure Ltd. during the recent trading session.

The Volume Weighted Average Price (VWAP) of ₹65.94 further solidifies the stock’s positive standing. In the broader context of the Infrastructure sector, specifically in Infrastructure – Diversified, GMR Airports Infrastructure Ltd. continues to shine as a symbol of optimism and growth in the market.

Profit Example

In the recent trading session on December 8, 2023, an investor decided to purchase 200 stocks of GMR Airports Infrastructure Ltd. The decision was based on the opening price of ₹60.00 per stock on the NSE. The total investment amounted to ₹12,000.00. As of 04:05 pm IST on the same day, the current stock price had risen to ₹68.89. Consequently, the investor’s holdings were valued at ₹13,778.00.

The profit derived from this venture was calculated as the the difference between the current value of investment and the initial total investment, resulting in a profit of ₹1,778.00. This positive outcome signifies a favorable return on the investment, showcasing the potential for financial gain in the stock market on that particular trading day.

FAQs

What contributed to GMR Airports Infrastructure Ltd.’s 11.72% stock surge on December 8, 2023?

GMR Airports Infrastructure Ltd.’s surge was propelled by its strong performance, contributing to a broader approximately 5% rise in the entire infrastructure sector.

How did GMR Airports Infrastructure Ltd. perform on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE)?

On NSE, GMR Airports Infrastructure Ltd.’s stock rose by 11.72%, closing at ₹68.89, while on BSE, it surged by 11.66%, closing at ₹68.90.

What were the key statistics of GMR Airports Infrastructure Ltd.’s trading session, including volume and VWAP?

GMR Airports Infrastructure Ltd. witnessed active participation with 86,28,58,691 shares traded on NSE and 48,72,19,557 shares on BSE, with a Volume Weighted Average Price (VWAP) of ₹65.94.

What was the sector impact of GMR Airports Infrastructure Ltd.’s surge on December 8, 2023?

The surge in GMR Airports Infrastructure Ltd.’s stock contributed to an approximate 5% rise in the entire infrastructure sector.

How did GMR Airports Infrastructure Ltd.’s stock price fluctuate throughout the recent trading session on December 8, 2023?

GMR Airports Infrastructure Ltd.’s stock opened at ₹59.80, reached a high of ₹70.40 on NSE, and closed at ₹68.89, showcasing resilience. Despite minor fluctuations, the low remained strong at ₹58.75, emphasizing stability.

Disclaimer

The information provided in this blog is for general informational purposes only and should not be considered as professional financial or investment advice. Always conduct thorough research and seek advice from a qualified financial advisor before making any investment decisions. The blog author and publisher are not responsible for any actions taken based on the information provided in this blog. Any reliance on the content is at your own risk. Remember that the financial markets can be volatile, and past performance is not indicative of ture results. The company mentioned in the blog may have undergone changes or developments that are not reflected here. Please verify the information with credible sources before making any financial decisions

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