Gammon India Shares Rise As December Quarter Loss Narrows

Gammon India shares jumped nearly 5 per cent on Wednesday to hit an intraday high of Rs 12.75, a day after the company reported a narrower losses for the December quarter. Mumbai-based Gammon India post-market hours on Wednesday posted a standalone loss of Rs 20.53 crore for the three-month period that ended on December 31, 2016, compared with Rs 119.06 crore for the corresponding period a year ago. Construction company Gammon India...