GVK Power goes dark again

GVK Power woes just do not seem to end. A company which is big in power, airports, transport, hospitality, life sciences, resources is today a penny stock.

Its net loss in Q4Fy17 widened from Rs.106 crore to Rs.206 crore and this as mainly on account of expenses soaring from Rs.120 crore to Rs.225 crore. Its total income stands at Rs.26 crore while expenses came to Rs.223 crore. Naturally loss was expected to happen.

The stock is a big loser on the BSE today, down 5% currently at Rs.5.30; its 52-week high and low stands at Rs.7.70 and Rs.4.13 respectively.