Suzlon Energy is currently trading at Rs 37.25, up by 0.30 points or 0.81% from its previous closing of Rs 36.95 on the BSE.
The scrip opened at Rs 36.80 and has touched a high and low of Rs 37.80 and Rs 36.55 respectively. So far 769000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 66.30 on 01-Nov-2010 and a 52 week low of Rs 34.00 on 26-Aug-2011.
Last one week high and low of the scrip stood at Rs 38.80 and Rs 36.35 respectively. The current market cap of the company is Rs 6620 crore.
The promoters holding in the company stood at 54.84% while Institutions and Non-Institutions held 18.28% and 26.62% respectively.
Suzlon Energy, a wind power major has received shareholders approval to raise Rs 5,000 crore. At the company's annual general meeting (AGM) held on September 27, the company in a regulatory filing stated that the shareholders have approved the enabling resolution to issue securities to an extent of Rs 5,000 crore to facilitate raising of funds from time to time.
The board at its meeting held on August 01, had approved for raising Rs 5,000 crore through the issuance of shares or FCCBs, GDRs, IDRs, or a combination of instruments. The company further stated that it was an enabling resolution for raising funds and there were no immediate plans to raise the capital.
Recently, the company passed a resolution on the ‘squeeze-out’ of its minority shareholders at the annual general meeting (AGM) of Repower Systems wherein the company would buy-out the remaining 4.8% stake in Germany's REpower Systems for 63 million euros in the next four months.
Suzlon energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.
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| Apar Inds | 9903.95 |
| Waaree Energies | 2879.95 |
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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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