Tuesday, 10 June 2014

Indowind Energy touches the roof as promoter group hikes stake in the company

Indowind Energy is currently trading at its upper circuit limit of Rs. 7.12, up by 0.33 points or 4.86% from its previous closing of Rs. 6.79 on the BSE.
The scrip opened at Rs. 7.12 and has touched a high and low of Rs. 7.12 and Rs. 7.12 respectively. So far 151709 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 7.12 on 10-Jun-2014 and a 52 week low of Rs. 2.10 on 01-Aug-2013.
Last one week high and low of the scrip stood at Rs. 7.12 and Rs. 5.42 respectively. The current market cap of the company is Rs. 63.90 crore.
The promoters holding in the company stood at 38.10%, while Institutions and Non-Institutions held 0.25% and 61.65% respectively.
Indowind Energy’s - promoter group - Soura Capital, has bought 620,000 shares of the company through the open market transaction on June 06, 2014. Due to this, the percentage of share holding of promoter and promoters group in the company increased from 38.93% to 39.62%.
Indowind Energy is engaged in selling ready-to-buy wind farm projects to corporate as well as state governments. It has strong capabilities and expertise in areas like project management, robust managerial and financial resources and experience in the operations of wind farms.

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