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GVK Power is currently trading at Rs. 12.32, up by 0.58 points or 4.94% from its previous closing of Rs. 11.74 on the BSE.
The scrip opened at Rs. 11.70 and has touched a high and low of Rs. 12.35 and Rs. 11.70 respectively. So far 24, 25,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.05 on 08-Jun-2011 and a 52 week low of Rs. 9.56 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 12.35 and Rs. 11.40 respectively. The current market cap of the company is Rs. 1,945 crore.
The promoters holding in the company stood at 54.25% while Institutions and Non-Institutions held 23.08% and 22.67% respectively.
GVK Power & Infrastructure has given a clarification regarding “Australia's government halting the environmental clearance process for Alpha Mine and Rail project in Queensland, Australia, which raises wider questions about environmental clearances for future Australian coal development projects. As per some media reports, cold water was poured on Indian group's hopes of developing new foreign energy assets after Australian’s environment minister, Tony Burke, was quoted as saying, “'I am stopping the clock on the Alpha project”, he further stated, that, 'We have no interest in a delayed process. But we are not willing to compromise environmental standards. The given media reports raise wider questions about environmental clearances for future Australian coal development projects.
As a point of clarification, the company stated that Minister Burke advising that he is “stopping the clock” by no means should be interpreted that the project will not proceed, nor is it an indication of the Federal Government’s assessment decision. To this end, GVK Power & Infrastructure further cleared that the company will continue to have a positive and professional working relationship with all State and Federal Government assessment agencies and that the company remains extremely confident of a positive outcome.
Earlier, the company reported that its step down subsidiary in Australia, received the Queensland Coordinator General’s Report on the environmental clearance for the Alpha Coal and Rail Project in Queensland.
| Company Name | CMP |
|---|---|
| NTPC | 356.00 |
| Tata Power | 430.30 |
| Power Grid Corp | 309.50 |
| Adani Power | 627.65 |
| Torrent Power | 1363.30 |
| 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.
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