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GTL Infra drops as net loss widens in Q1
GTL Infrastructure fell 3.34% to Rs 8.39 at 13:34 IST on BSE after the company reported net loss of Rs 85.16 crore in Q1 June 2012, higher than net loss of Rs 83.95 crore in Q1 June 2011.
The company announced the results after market hours on Wednesday, 25 July 2012.
Meanwhile, the BSE Sensex was down 40.86 points or 0.24% to 16,805.19.
On BSE, 1.57 lakh shares were traded in the counter as against average daily volume of 2.42 lakh shares in the past one quarter.
The stock hit a high of Rs 8.85 and a low of Rs 8.27 so far during the day.
The stock had outperformed the market over the past one month till 25 July 2012, jumping 10.71% compared with the Sensex's 0.21% fall. The scrip had, however, underperformed the market in past one quarter, sliding 6.06% as against Sensex's 1.78% fall.
GTL Infrastructure's net sales fell 0.5% to Rs 139.85 crore in Q1 June 2012 over Q1 June 2011.
GTL Infrastructure, a Global Group enterprise, is in the business of Shared Passive Telecom Infrastructure in India. GTL Infrastructure has a portfolio of towers serving all the major cellular operators. The company has a portfolio of over 30,000 towers located across India.
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