GTL Infrastructure gained 4.58% to Rs 30.85 at 11:35 IST on BSE, after a block deal of 12.59 lakh shares was executed on NSE at Rs 31.10 per share.
The block deal constituted 0.15% of the company's equity.
The stock hit a high of Rs 32 and a low of Rs 30.20 so far during the day. The stock hit a 52-week high of Rs 58.50 on 5 May 2008 and a 52-week low of Rs 27.60 on 25 March 2009.
The mid-cap stock had underperformed the market over the past one month till 31 March 2009, rising 3.15% as compared to the Sensex's 9.19% rise. It had also underperformed the market in the past one quarter, falling 3.12% as compared to the Sensex's 0.63% rise.
The company's current equity is Rs 814.66 crore. Face value per share is Rs 10.
Earlier in February 2009, the company had unveiled its plans to roll out 25,000 towers in the country by 2012, entailing an investment of $1.8 billion.
GTL Infrastructure reported a net loss of Rs 1.40 crore in Q3 December 2008 as compared to net loss of Rs 16.01 crore in Q3 December 2007. Net sales rose 55.3% to Rs 57.91 crore in Q3 December 2008 over Q3 December 2007.
The company provides passive telecom infrastructure and related network infrastructure for multiple service providers.
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