GTL, engaged in the business of telecom
and power, rallied on Wednesday afterreporting improvement in
resultsfor the third quarter of fiscal 2013.
The company announced fall in consolidated net loss to Rs 810.7 million for the quarter ended Dec. 31, 2012 as compared to net loss of Rs 1,029.8 million in the same period last year.
Consolidated net sales increased by 12.5% to Rs 7.16 billion for the quarter ended Dec. 31, 2012 from Rs 6.39 billion in the year ago period.
During the quarter, the operating profit marginimproved to 6.67%
from negative 1.73% for the same period last year. 
Shares of the companyare trading at Rs
25.20, up Rs 2.1, or 9.09% at the Bombay Stock Exchange (BSE) on
Wednesday at 10:32 a.m.The scrip has touched an intra-day high of
Rs 25.85 and low of Rs 23.35. The total volume of shares traded at
the BSE is 351,703.In the earlier session, the shares declined
1.49%, or Rs 0.35, at Rs 23.10. Currently, the stock is trading
down 59.22% from its 52-week high of Rs 61.80 and above 11.26% over
the 52-week low of Rs 22.65.
Post a Comment