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Orient Green Power executes SPA

Orient Green Power executes SPA


The Indian markets on January 24, have closed in green, where Sensex closed 258 points higher; and Nifty ended with the gains of 84.30 points. Orient Green Power Company, on the other hand has entered into a Share Purchase Agreement with Sindicatum Captive Energy Singapore Pte., at a consideration of Rs 81 crore. The stock of the company in the last one year has fallen by 21.63%. Four Mutual Fund houses have invested in the stock of the company, which are Reliance, Edelweiss, Escorts and Sahara Mutual Fund.  The company is the largest operator and developer of renewable energy power plants in India, which are based on aggregate installed capacity, and its portfolio currently includes wind energy, biogas, biomass and small hydroelectric projects.

Stock View:-

Orient Green Power Company Ltd is currently trading at Rs 11.07, up by Rs 0.05 or 0.45% from its previous closing of Rs 11.02 on the BSE.

The scrip opened at Rs 11 and has touched a high and low of Rs 11.36 and Rs 10.98 respectively. So far 870467(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 815.26 crore.

The BSE group ‘B’ stock of face value Rs 10 has touched a 52 week high of Rs 15.1 on 02-Feb-2016 and a 52 week low of Rs 7.84 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 11.95 and Rs 9.96 respectively.

The promoters holding in the company stood at 71.52 % while Institutions and Non-Institutions held 7.81 % and 20.68 % respectively.

The stock is currently trading above its 200 DMA.

Anand Gupta Editor - EQ Int'l Media Network


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