Shares of GMR Infrastructure today

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ended with nearly 14 per cent gains, adding Rs 1,238.11 crore

to its market valuation, on reduction in the company's gross

debt.

The stock zoomed 13.71 per cent to close at Rs 17 on BSE.

During the day, it jumped 27 per cent to Rs 19 -- its 52-week

high.

At NSE, shares of the company soared 13 per cent to close

at Rs 16.90.

The company's market valuation went up by Rs 1,238.11

crore to Rs 10,261.11 crore.

In terms of volume, 275.69 lakh shares of the company

were traded on BSE and over 31 crore shares changed hands at

NSE during the day.

GMR Infrastructure today reported widening of its

standalone net loss to Rs 2,478.7 crore for the quarter ended

March 31, 2017.

The company had posted standalone net loss of Rs 1,787

crore in the corresponding quarter of 2015-16, GMR

Infrastructure said in a filing to BSE.

The company's standalone total revenue declined to Rs

272.47 crore compared to Rs 395.25 crore in the year-ago

period.

Reflecting GMR's turnaround efforts and improvement of

financial health of the group, the gross debt reduced to Rs

19,856 crore from Rs 37,480 crore, it said.

GMR Group is a leading global infrastructure conglomerate

with interests in airport, energy, transportation and urban

infrastructure.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)