Madhucon climbs 4% on AP thermal project development
Published: 18th July 2012 10:18 AM
Last Updated: 18th July 2012 10:18 AM
Madhucon Projects climbed on Wednesday
on news that Simhapuri Energy a 100% subsidiary of Madhucon Infra
is developing 1,920 MW coal fired thermal project near Nellore, in
India with a total project cost of around Rs 112.70 billion (USD
2,500 million) in three phases.Shares of the companyis trading at
Rs 35.80, up Rs 1.35, or 3.92% at the Bombay Stock Exchange (BSE)
on Wednesday at 9:40 a.m.Unit -1 with 150 MW capacity of phase-I
project of SEPL at Thamminapatnam village, near Krishnapatnam South
sea port, SPSR Nellorw district, Andhra Pradesh has been declared
commercial operation with effect from zero hours of May 4, 2012.The
scrip has touched an intra-day high of Rs 36 and low of Rs 35.20.
The total volume of shares traded at the BSE is 403.In the earlier
session, the shares lost 3.37%, or Rs 1.2, at Rs 34.45. Currently,
the stock is trading down 61.87% from its 52-week high of Rs 93.90
and above 7.35% over the 52-week low of Rs 33.35.
Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 38.10
(3.65) (9.58) 1 Month 36.60 (2.15) (5.87) 3 Months 56.00 (21.55)
(38.48) 6 Months 51.60 (17.15) (33.24) 1 Year 86.45 (52.00) (60.15)
Note: Based on previous day closing price.