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Moser Baer gains as arm commences operations of its upgraded Solar PV cell line

16 Jan 2015 Evaluate

Moser Baer is currently trading at Rs. 10.60, up by 0.41 points or 4.02% from its previous closing of Rs. 10.19 on the BSE.

The scrip opened at Rs. 10.22 and has touched a high and low of Rs. 10.68 and Rs. 10.22 respectively. So far 44,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 12.88 on 11-Jul-2014 and a 52 week low of Rs. 3.05 on 22-Mar-2014.

Last one week high and low of the scrip stood at Rs. 10.97 and Rs. 9.52 respectively. The current market cap of the company is Rs. 220.00 crore.

The promoters holding in the company stood at 32.37% while Non-Institutions held 67.63% respectively.

Moser Baer’s solar manufacturing subsidiary has commenced operations of its upgraded solar cell manufacturing line as a major milestone in the company’s revival plan of cell & module manufacturing. This comes on the back of the central government’s programs focused on Domestic Content Requirement (DCR) of solar cells & modules for solar farms.

Moser Baer India headquartered in New Delhi, is a leading global tech-manufacturing company. The company also emerged as the first to market the next-generation of storage formats like Blu-Ray discs in India.

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