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Birla Power Solutions soars on getting nod for investment in BT Global Investors

12 Aug 2011 Evaluate

Birla Power Solutions is currently trading at Rs 0.71, up by 0.02 points or 2.90% from its previous closing of Rs 0.69 on the BSE.

The scrip opened at Rs 0.69 and has touched a high and low of Rs 0.69.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 2.08 on 12-Aug-2010 and a 52 week low of Rs 0.67 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs 0.72 and Rs 0.67 respectively. The current market cap of the company is Rs 151 crore.

The promoters holding in the company stood at 4.04% while Institutions and Non-Institutions held 0.31% and 95.65% respectively.

Birla Power Solutions has received an approval for investment of EURO 500 in the share capital of BT Global Investors, a company incorporated in Nicosia being 50% of its paid up share capital pursuant to shareholders agreement. The company has received an approval at its board meeting held on August 11, 2011.

Birla Power Solutions is part of the Yash Birla Group. It manufactures generator, inverters/battery, engine, pump set, sprayer, power tiller, lawn mower, etc. 

Peers
Company Name CMP
Havells India 1245.90
Siemens 3820.15
Apar Inds 12750.00
ABB India 7180.50
Waaree Energies 3191.10
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