Meanwhile, the BSE Sensex was up 66.15 points, or 0.45%, 14,724.64.

On BSE, 29.91 lakh shares were traded in the counter. The stock had an average daily volume of 7.42 lakh shares in the past one quarter.

The stock hit a high of Rs 42.85 and a low of Rs 41.20 so far during the day. The stock hit a 52-week high of Rs 50.50 on 5 June 2009 and a 52-week low of Rs 10.30 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 2 July 2009, falling 7.13% as compared to the Sensex's 1.45% fall. It had outperformed the market in the past one quarter, surging 66.47% as compared to the Sensex's return of 41.64%.

The company's current equity is Rs 140.58 crore. Face value per share is Rs 1.

The current price of Rs 39.50 discounts the company's Q4 March 2009 annualized EPS of Rs 0.11, by a PE multiple of 7.31.

GVK Power & Infrastructure has reportedly raised US$150mn from selling shares to institutional investors. The shares were sold at Rs 41.35 apiece

GVK Power (Goindwal Sahib), a wholly owned subsidiary of GVK Power & Infrastructure had on 5 June 2009 signed the power purchase agreement with the Punjab State Electricity Board (PSEB) for implementing the two 270 megawatt coal based thermal power plant at Goindwal Sahib in Punjab.

GVK Power & Infrastructure's net profit tumbled 76.9% to Rs 21 crore on 63.8% fall in total income to Rs 42.47 crore in the year ended March 2009 over the year ended March 2008.

GVK Power & Infrastructure provides operations and maintenance services to its power assets. The company operates power plants, serving distribution companies of Andhra Pradesh in India.

Promoters of the company have pledged more than 6.14 crore shares representing 4.37% of the equity capital of the company (as on 31 March 2009). The total promoter shareholding in the company is 60.94% (as on 31 March 2009).

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