Nava Bharat Ventures is currently trading at Rs. 36.80, up by 0.80 points or 2.22% from its previous closing of Rs. 36.00 on the BSE.
The scrip opened at Rs. 36.40 and has touched a high and low of Rs. 38.00 and Rs. 36.40 respectively. So far 2221 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 110.00 on 28-May-2019 and a 52 week low of Rs. 32.40 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 41.00 and Rs. 36.00 respectively. The current market cap of the company is Rs. 628.76 crore.
The promoters holding in the company stood at 46.11%, while Institutions and Non-Institutions held 21.30% and 32.59% respectively.
Nava Bharat Ventures has resumed its operations of Power and Ferro Alloys situated at Paloncha, Telangana and Dhenkanal, Odisha, after receiving the permissions with restrictions from the respective State Governments.
However, the operations of company’s subsidiary, Nava Bharat Energy India (150 MW Unit) at Paloncha, Telangana continue to be under shut down, as there is no bilateral contract and there being no alternative viable market on the power exchange.
Nava Bharat Ventures operates in the business verticals of power generation, mining, ferro alloys and agri-business with multi-national operations spread over India, South East Asia and Africa.