Punj Lloyd is currently trading at Rs. 24.00, up by 0.75 points or 3.23% from its previous closing of Rs. 23.25 on the BSE.
The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 24.25 and Rs. 23.95 respectively. So far 55,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.65 on 05-Jan-2016 and a 52 week low of Rs. 17.65 on 07-Jun-2016.
Last one week high and low of the scrip stood at Rs. 24.25 and Rs. 22.40 respectively. The current market cap of the company is Rs. 798.69 crore.
The promoters holding in the company stood at 36.14%, while Institutions and Non-Institutions held 9.08% and 54.79% respectively.
Punj Lloyd’s wholly owned subsidiary - Punj Lloyd Infrastructure (PLIL) has executed definitive agreements with India Infrastructure Fund II (a SEBI registered Category I Alternative Investment Fund represented by its investment manager IDFC Alternatives Limited) to divest three operating solar projects aggregating to 45 MW located in Punjab and Rajasthan subject to customary approvals and other conditions precedent. As per the transaction, PLIL will divest its entire shareholding in its subsidiaries that hold the three projects - PLSPL, PLSUL and PLSL.
Punj Lloyd Solar Power (PLSPL) owns and operates a 5 MW solar power project selling power under a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam. PL Surya Urja (PLSUL) owns and operate a 20 MW solar power project selling power under a 25 - year power purchase agreement with Punjab State Power Corporation and PL Sunshine Limited (PLSL) owns and operate a 20 MW solar power project selling power under a 25 - year power purchase agreement with Punjab State Power Corporation.
The transaction is expected to be completed once customary closing conditions and approvals are obtained. Greenstone Energy Advisors is acting as the exclusive financial advisor to PLIL for the transaction.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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