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Ujaas Energy gains on plan to divest entire holding in Ujaas Energy HK

30 Mar 2017 Evaluate

Ujaas Energy is currently trading at Rs. 34.60, up by 0.20 points or 0.58% from its previous closing of Rs. 34.40 on the BSE.

The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 35.75 and Rs. 34.20 respectively. So far 137727 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 52.25 on 16-Dec-2016 and a 52 week low of Rs. 19.40 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 36.60 and Rs. 33.15 respectively. The current market cap of the company is Rs. 689.00 crore.

The promoters holding in the company stood at 70.69%, while institutions and non-institutions held 1.19% and 28.11% respectively.

Ujaas Energy has received an approval for disposal of its entire holding in its wholly own subsidiary, Ujaas Energy HK, a company registered in Hong Kong. The board of directors at its meeting held on March 29, 2017 has approved for the same.

Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system. The company's segments include Transformer, Solar Power Plant Operation, and Manufacturing & Sale of Solar Power Systems.

Peers
Company Name CMP
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Havells India 1091.95
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Siemens 3748.10
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