GIPCL commissions its plant at Porbandar, Gujarat

Gujarat Industries Power Company (GIPCL), has informed the bourses that it has commissioned 16.80 MW (8 WTGs x 2.1 MW) WTGs of the Kuchhdi Wind Farm in Porbandar for which the certificate of commissioning has been issued to the company by the Gujarat Energy Development Agency (GEDA).

Jan 24, 2017 11:01 IST India Infoline News Service

Gujarat Industries Power Company (GIPCL), has informed the bourses that it has commissioned 16.80 MW (8 WTGs x 2.1 MW) WTGs of the Kuchhdi Wind Farm in Porbandar for which the certificate of commissioning has been issued to the company by the Gujarat Energy Development Agency (GEDA).
The stock of Gujarat Industries Power Co., is trading at Rs 112.10 per share, and is up by 1.45 points or 1.31% on the NSE, delivering a return of 40.48% in a period of one year. In a three year period it has delivered 24.04% returns on an annualised basis; and over a five year period the stock has delivered 9.44% returns on an annualised basis, outperforming the BSE Small-cap index and the BSE Power index over a period of one year.
GIPCL, a company engaged in business of electrical power generation, also has a total present capacity of 871 MW at its Vadodara and Mangrol plants.

Stock view:-

Gujarat Industries Power Co Ltd is currently trading at Rs 112, up by Rs 1.8 or 1.63% from its previous closing of Rs 110.2 on the BSE.

The scrip opened at Rs 112.4 and has touched a high and low of Rs 112.9 and Rs 110 respectively. So far 129623(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1666.78 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 114.5 on 20-Jan-2017 and a 52 week low of Rs 74.4 on 15-Mar-2016. Last one week high and low of the scrip stood at Rs 114.5 and Rs 107.5 respectively.

The promoters holding in the company stood at 58.21 % while Institutions and Non-Institutions held 25.97 % and 15.82 % respectively.

The stock is currently trading above its 50 DMA.

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