GTL and GTL Infrastructure Share Price News: Stock price sharply falls from last two trading sessions. Both stocks crashed around 70 percent in two days.
Present Share price: GTL- 127.95, GTL Infrastructure - Rs. 16.95. NSE closing price of June 20.
Why share price down: Fund raising plans scrapping and woes of pledged shares selling in open market through stock exchanges.
Latest Company Announcements
GTL Ltd says : We would like to inform that the Company continues to conduct its business in normal course and is focusing on growing the business. In GTL, the promoters hold 52.71% of the equity capital of the company. The promoters have pledged only 12.85% of the equity capital of the Company, which was already intimated to the stock exchanges, as part of our regular disclosures. The Company would like to confirm neither promoters nor entities relating to promoters have sold any shares, including the shares that have been pledged.
GTL Infrastructure Ltd says : We believe that the present market conditions, policy clarity on telecom sector and global market sentiments are not favorable for the issue at this stage. We would like to inform you that the Company is in highly capital intensive business and it will raise funds at appropriate times. We will keep the stock exchanges updated of any developments on this matter. Further, we would like to inform that the Company continues to conduct its business in normal course and is focusing on growing the business. In GTL Infra, the promoters and promoter group hold 58.34% of the equity capital of the company. The promoters and promoter group have not pledged any shares. This has been already intimated to the stock exchanges, as part of our regular disclosure.
What is Future Outlook of Stock Price: No analyst / expert / broker can advice accurately now. We neutrally explain in simple words, Both companies are fundamentally strong with long term business plans. Promoters track record also well. Both stocks trading now near book value of shares. So consider to invest immediately without missing the chance.
Invest or Trade ?. Answer to this question is completely risk management based. In present condition short term investment is recommended. Invest small amount if you still confusing.