Penar Industries share has lost 39.07% during the last one year and fallen 22.66% since the beginning of this year.

Boosted by the development, GMR Infra share price gained as much as 5.54 per cent to hit an intra-day high of Rs 15.98 after opening higher at Rs 15.85 apiece on the BSE

Most of the market experts have maintained a stable outlook on the infrastructure sector and the recent trends suggest an optimistic outlook on the infra stocks on a near-term basis.

GMR Infrastructure suffered Rs 2341.25 crore loss on consolidated basis during the quarter ended March 31, owing to impairment losses of some of the power assets, the infra major said in a filing with bourses Thursday.

Share Market Updates: Suzlon, Justdial, Infibeam, DCM Shriram and Adani Power were the top gainers on BSE, while on NSE, YES Bank, Bharti Airtel, NTPC, TCS and Bajaj Finance were the top gaining stocks.

Except IT sector, all the other indices ended in the red in today's trade. Biggest fall in today's trade was seen in PSU Bank, which was down 2.8%, followed by Auto, Media, Infra, Energy and Metal, each declining over 1%. Only gaining sector of the day was IT, up 0.66%.

Out of 384 delayed projects, 113 projects have overall delay in the range of 1 to 12 months, 61 are delayed by 13 to 24 months, 101 reflect delay of 25 to 60 months and 109 projects show 61 months and above delay. 

Share Market Updates: While Sensex fell 353 points to close at 38,585, Nifty ended 87 points lower at 11,584 level.

Post-BJP Manifesto announcement, in which the party promised Rs 100 lakh crore for infrastructure development, share prices of multiple companies from the infrastructure sector climbed higher. Nifty Infra was advanced 6.60 points or 0.21%, while BSE Infra was up 1.16 points or 0.56%.  

The Supreme Court had stayed the RBI's February 12, 2018 circular in September last year which directed the banks to report any loan account of over Rs 2,000 crore under the Insovency and Bankruptcy Code (IBC) if it wasnot resolved within in 180 days of default.

The good and the bad of Modi government's economic performance.

\"Jet is in talks with leasing companies to restart operating several of its grounded aircraft, and assured the government that it will not ground any more aircraft and strive to increase the seat-capacity in coming weeks,\" Pradeep Singh Kharola, secretary at India's civil aviation ministry, told in a news conference on Tuesday.

At the close of the investment, GMR Infra and its subsidiaries will hold a 54% stake in GMR Airports Limited, a part of the duopoly currently controlling the country's airports sector, while Tata Group, GIC and SSG will own 20%, 15% and 10%, respectively

The share price of GMR Infrastructure Ltd. (GIL) rose to its high at Rs 21.25 on Wednesday's early trading session after the company informed about proposed investment by Tata Group in its airports business.

Share Market Live updates: While the Sensex fell 100 points to 38,132 level, the Nifty lost 38 points to 11,445. Top Sensex losers were NTPC (2.25%), Tata Motors (1.85%) and Bharti Airtel (1.49%).