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Sangam Renewables touches roof as its arm commissions 16 MW mounted solar project in Maharashtra

05 Mar 2021 Evaluate

Sangam Renewables is locked at upper circuit limit of  Rs. 40.40, up by 0.75 points or 1.89% from its previous closing of Rs. 39.65 on the BSE.

The scrip opened at Rs. 40.40 and has touched a high and low of Rs. 40.40 and Rs. 39.65 respectively. So far 20370 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.40 on 05-Mar-2021 and a 52 week low of Rs. 7.42 on 07-Jul-2020.

Last one week high and low of the scrip stood at Rs. 40.40 and Rs. 37.70 respectively. The current market cap of the company is Rs. 84.09 crore.

The promoters holding in the company stood at 72.33%, while Institutions and Non-Institutions held 0.72% and 26.95% respectively.

Sangam Renewables’ subsidiary -- Waacox Energy has successfully commissioned the 16 MW mounted solar project in Gavhankund, Maharashtra under the Agri feeder scheme of Maharashtra government for MAHAGENCO.

The company is engaged in the business of providing diversified financial services with a primary focus in assisting small and medium enterprises (SMEs) in corporate and non-corporate sector in their financial planning, corporate restructuring and fund syndication requirements.

Peers
Company Name CMP
Larsen & Toubro 3915.00
Kalpataru Projects 1435.05
NCC 141.00
Rail Vikas Nigam 205.00
KEC International 406.45
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