logo
1900% rally in five years! Why is GPT Infra share price skyrocketing today?

1900% rally in five years! Why is GPT Infra share price skyrocketing today?

Mint3 days ago
GPT Infraprojects share price surged as much as 12 per cent in Monday's trading session after the company bagged ₹ 351 crore order. At 1:25 pm, GPT Infraprojects stock was trading at ₹ 139 apiece on National Stock Exchange (NSE) on July 21.
GPT Infraprojects shares have remained positive in short term despite market volatility. The stock has gained over 9.28 per cent in a month and over 3 per cent in six months.
The stock has given multibagger returns by soaring over 1,988.97 per cent in five years.
In an exchange filing dated July 21, the company announced that it has received an order contract from Agra Gwalior Highway Private Limited to construct new Major Bridge including Cable Stayed Bridge over Chambal River at Agra – Gwalior Greenfield Highway Project.
According to the exchange filing, the size of the contract is ₹ 351 crore.
' GPT Infraprojects Limited (GPTINFRA) is pleased to announce that the Company has received the following contract totaling to ₹ 351 Crore,' the company said in the filing.
Kolkata-based GPT Infraprojects is a premier infrastructure company, operates through two segments viz. Infrastructure and Sleeper.
The company is an established Railway focused infrastructure player, engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways and Roads for Government contracts. In Sleeper segment, the company manufactures and supplies concrete sleepers for Railways in India and Africa.
The company has strong project execution capabilities, healthy financial base, and enviable growth prospects across all areas of operation. The outstanding order book for the Company now stands at ₹ 3,852.65 crore with total order inflow for Fiscal 2026 of ₹ 396 crore.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Phone assembly domestic value addition is 23%, new report claims
Phone assembly domestic value addition is 23%, new report claims

The Hindu

time14 minutes ago

  • The Hindu

Phone assembly domestic value addition is 23%, new report claims

A new study by the Thiruvananthapuram-based Centre for Development Studies (CDS) asserts that the gains from India's mobile phone manufacturing are greater than skeptical analyses have previously assessed. Domestic value addition has already reached 23%, the report claims, compared to single digit estimates elsewhere. Specifically, the report does not agree with the notion that phone assembly is an area of 'trade surplus,' a point contended notably by RBI governor Raghuram Rajan, who said in a brief paper with a colleague, Rohit Lamba, that since India was still importing nearly all components that were being assembled in mobile phone manufacturing, the result was India remaining a net importer in effect. Mobile phone manufacturing — encouraged through Union government schemes like the Production Linked Incentive scheme — has been a much touted success story for Indian domestic electronics manufacturing, fueling hopes of similarly promising results elsewhere. ₹4.1 lakh crore of finished mobile phones were manufactured in India in 2024 according to an industry estimate. The number isn't necessarily indicative of phone assembly as a part of the economy as assembly is usually estimated to only account for 4% of a phone's selling price. The case against India running a phone trade surplus rests on a 'misleading assumption' that imports of the components that go into such assemblies are exclusively going into phones, and then getting shipped back out of the country, C. Veeramani, CDS's director said. 'We used data from the Annual Survey of Industries, and that shows that the actual use of imported components in the mobile phone sector is less than 25%.' Dr. Veeramani reported his findings to the press at an event by the India Cellular and Electronics Association (ICEA), a trade body representing electronics manufacturers; the CDS director's estimates of domestic value addition were even higher, he said, than the ICEA's: 'The Total DVA (direct + indirect) increased to 23%, amounting to more than $10 billion in 2022-23,' the report says. China factor A key recommendation in the report is to focus on scaling assembly operations in the medium term, rather than pressing firms immediately to procure components from local sources. 'We cannot have a robust [electronics manufacturing] strategy keeping China out, that will not work,' Dr. Veeramani said. 'China has to be part of the game and a mindset change is needed there.' If Chinese firms were invested in India, Dr. Veeramani said, they would have no incentive to block movement of capital goods and Chinese nationals to India, something that some phone and semiconductor makers are facing in recent months.

McPatel takes on McDonald's over ‘Mc' monopoly
McPatel takes on McDonald's over ‘Mc' monopoly

Time of India

timean hour ago

  • Time of India

McPatel takes on McDonald's over ‘Mc' monopoly

Ahmedabad: In what promises to be the mother of all delicious legal battles over the use of 'Mc', which means 'son of', a local food company, McPatel Foods Pvt Ltd, has dragged global fast-food giant McDonald's Corporation to the court. Tired of too many ads? go ad free now The Ahmedabad-based firm, which sells French fries under the brand 'Ohh! Potato', filed a trademark suit accusing McDonald's of issuing "groundless threats" over its use of the prefix. Last month, McPatel moved the Ahmedabad rural court, seeking to restrain McDonald's from objecting to the use of 'Mc' in its name. The suit was filed under Section 142 of the Trademark Act to prevent the multinational company from issuing "groundless threats". According to senior counsel H S Tolia, representing McPatel, "McDonald's issued a notice to McPatel claiming that the prefix Mc is its identity and insisted that the local company should stop using this prefix or else it would take legal action. Since initiating mediation proceedings is a prerequisite before filing a commercial suit, McDonald's instituted mediation proceedings in the Delhi high court and McPatel participated in it. However, McDonald's was adamant that McPatel must not use Mc in its trademark and the parties could not reach any compromise." "Since the mediation proceedings did not yield any result, McPatel filed a suit in the Ahmedabad rural court, seeking to restrain McDonald's from threatening it with legal action," added Tolia. "This is because McPatel is entitled to use the prefix Mc on several counts. We contend that the prefix Mc is very generic, and it means 'son of'. By citing different examples of the use of this prefix, we have stated that the name suggests the son of Patel. It is aimed at honouring the Patel community." The court has issued a notice to McDonald's and scheduled a hearing on the matter for July 28.

Ahmedabad startup's 400cr global exit breaks new ground
Ahmedabad startup's 400cr global exit breaks new ground

Time of India

timean hour ago

  • Time of India

Ahmedabad startup's 400cr global exit breaks new ground

Ahmedabad: A bootstrapped startup from the city has just made global waves. SocialPilot, a social media management platform used by over 13,000 businesses worldwide, has been acquired by Sweden-based tech firm for over $50 million (more than Rs 400 crore), according to industry sources. Tired of too many ads? go ad free now The co-founders, Jimit Bagadiya and Tejas Mehta, confirmed the acquisition, though the deal size remains officially undisclosed. The acquisition is being described by tech industry insiders as "one of the biggest exits by a bootstrapped startup in India" and "a landmark moment for Gujarat's IT sector", which has largely remained behind metros like Bengaluru and Pune in high-value acquisitions. Started in 2014 with no outside investment, SocialPilot has grown steadily over the past decade into one of India's most successful self-funded tech ventures. which serves more than 2 million small and medium-sized businesses across 15 countries, said the acquisition will help deepen its reach in the social media marketing space. For Bagadiya and Mehta, the decision to sell was driven by a vision to scale. "We decided to sell our entire stake to said Bagadiya, CEO. "My partner is based in the US, and after running SocialPilot for over a decade, we reached a stage where the business was profitable, growing steadily, and operating at scale. But we also recognised that to unlock the next phase — expanding into new markets, deepening the product, and accelerating distribution — we needed stronger leverage, either through funding or a strategic partnership. " Interestingly, the tool was originally built for e-commerce sellers struggling to promote products on social media. "While working on e-commerce projects for clients in the US and Europe, we recognised that e-commerce sellers were unable to promote their products effectively on social media. Tired of too many ads? go ad free now So, we built SocialPilot. Which over time evolved into a full-fledged platform for marketing agencies and SMBs, helping manage, schedule, and analyse posts across platforms," he said. Box: Co-founder rose from modest background Ahmedabad: Behind this success is a story of quiet persistence and modest beginnings. Jimit Bagadiya grew up in Limbdi, a small town in Gujarat's Surendranagar district. His father ran a tiny kirana shop and his mother sold papad and khakhra from home with help from his sisters. Bagadiya moved to Ahmedabad in Class 7. "I began living in a Jain hostel. Although the original fee was Rs 10,000 per year, concessions brought it down to Rs 2,500, a sum my family worked hard to cover. I completed my BCA and started my first job in 2004 for a montly salary of Rs 4,000," said Bagadiya, who then constantly worked on developing different skills and set up SocialPilot in 2014.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store