Resurgent Power is founded by a consortium of two sovereign funds from Middle East.
Tata Power is planning to acquire 25% of Resurgent Power for $300 million as part of a consortium to primarily buy both coal-fired and hydro power assets in India, according to reports.
Resurgent Power is founded by a consortium of two sovereign funds from Middle East.
The scrip opened at Rs. 76 and has touched a high and low of Rs. 76.5 and Rs. 75.65 respectively. So far 535951(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20487.57 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 77.95 on 13-Jun-2016 and a 52 week low of Rs. 55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 77.95 and Rs. 72.9 respectively.
The promoters holding in the company stood at 33.02 % while Institutions and Non-Institutions held 50.7 % and 16.27 % respectively.
The stock is currently trading above its 50 DMA.
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