GMR Power and Urban Infra is currently trading at Rs. 40.97, up by 1.02 points or 2.55% from its previous closing of Rs. 39.95 on the BSE.
The scrip opened at Rs. 41.68 and has touched a high and low of Rs. 41.94 and Rs. 40.76 respectively. So far 655988 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 48.60 on 20-Sep-2023 and a 52 week low of Rs. 14.32 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 42.50 and Rs. 38.32 respectively. The current market cap of the company is Rs. 2411.36 crore.
The promoters holding in the company stood at 59.83%, while Institutions and Non-Institutions held 16.61% and 23.56% respectively.
GMR Power and Urban Infra has acquired 1,051,154,500 equity shares of GMR Energy (GEL), a subsidiary of the company (representing 29.14% of the equity share capital of GEL), from Power and Energy International (Mauritius), a company incorporated in Mauritius (hereinafter referred to as Tenaga) and a subsidiary of Tenaga Nasional Berhad a company incorporated in Malaysia, for a negotiated consideration of $28.50 million.
The current acquisition consolidates the existing stake of the Company in GEL from about 57.76%, held by itself and its subsidiaries, to about 86.90%. With this complete buy-out of Tenaga stake, the Shareholders Agreement (SHA) with Tenaga stands terminated thereby enabling full consolidation of revenues and earnings of GEL with the Company, which till now was being done on an equity method or Joint Venture Accounting.
GMR Power and Urban Infra, a subsidiary of GEPL holds expertise in the sectors of energy, urban infrastructure and transportation.
| Company Name | CMP |
|---|---|
| NTPC | 333.30 |
| Tata Power | 401.25 |
| Power Grid Corp | 315.75 |
| Adani Power | 498.45 |
| Torrent Power | 1476.80 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
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.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
