Shares of GMR Infrastructure surged 12 per cent to Rs 47.95 on the BSE in Monday’s intra-day trade after the GMR Group signed shareholders agreement with Indonesia’s Angkasa Pura II for the development of Medan Airport on December 23.
The company engaged in airport services business had made announcement on Friday after market hours. The stock was trading at its highest level since December 2010. At 02:21 pm; it was up 11 per cent at Rs 47.40, as compared to 0.36 per cent rise in the S&P BSE Sensex. The trading volumes on the counter jumped over four-fold with a combined 84.12 million equity shares changing hands on the NSE and BSE.
