GR Infraprojects hits all-time low, stock down 18% in 3 days amid CBI raids

No major negative disclosure from the CBI raid will be key triggers for future price performance, according to analysts at ICICI Securities.

Shares of GR Infraprojects hit a new low at Rs 1,111, down 4 per cent on the BSE in Wednesday’s trade. The stock has tumbled 18 per cent in the last three trading sessions after the Central Bureau of Investigation (CBI) conducted searches at several locations of the company premises.

GR Infraprojects on Monday, June 13, 2022 informed that a team of CBI conducted a search at the residence of Vinod Kumar Agarwal, Chairman and the corporate office of the company situated at Gurugram, Haryana and various other sites. The examination at the residence of the Chairman is complete