GVK Power & Infrastructure is the top gainer on the BSE since morning. The stock price hit a new 52-week high at Rs.7.70.

The stock has hit a high on news that it has won the bid to develop the Navi Mumbai airport. This is a good decision as GVK has already developed and maintains the Mumbai international airport.

This airport is expected to be operational by 2019.

The company declared its Q3FY17 numbers today afternoon and its net loss for the quarter came in at Rs.71 lakh v/s Rs.13 crore in Q2 and loss of Rs.7 crore in previous Q3.