Ujaas Energy rallies 5% after order win from Sardar Sarovar Nigam

The company has bagged EPC order of 10 MW Canal Bank Grid Connected Solar Photovoltaic Power Plant at Vadodara.

Dec 04, 2015 04:12 IST India Infoline News Service

Ujaas Energy has rallied 5% to Rs. 21.40 on BSE. The company has bagged EPC order of 10 MW Canal Bank Grid Connected Solar Photovoltaic Power Plant at Vadodara, Gujarat and its operations and maintenance for 25 years as issued by Sardar Sarovar Narmada Nigam. The approximate amount of the work is around Rs. 91.78 crore.
 
The scrip opened at Rs. 21.5 and has touched a high and low of Rs. 21.65 and Rs. 20.75 respectively. So far 881,639 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 407 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 24.2 on 19-Feb-2015 and a 52 week low of Rs. 13.55 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 21.6 and Rs. 19.6 respectively.

The promoters holding in the company stood at 70.69 % while Institutions and Non-Institutions held 1.32 % and 27.98 % respectively.

The stock is currently trading below its 200 DMA.

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