Indowind Energy shares up 100% in two days
Shares of Indowind Energy Ltd have gained over 100 per cent in two days since listing on Friday.
By INDIATIMES NEWS NETWORK |
MUMBAI: Shares of Indowind Energy Ltd have gained over 100 per cent in two days since listing on Friday.
On NSE at 10:19 am, the share was at Rs 130.50, up 14.83 per cent from its previous close. It touched a high of Rs 134 and low of Rs 120 and around 28,23,901 shares have changed hands in trade so far.
Friday, the share had closed at a premium of 80.76 per cent to its issue price of Rs 65.
On BSE, the share was trading at Rs 128.75. It touched a high of Rs 135.90 and low of Rs 115 with volume at 19,57,215 shares.
The company supplies wind power to its customers including state electricity boards and other corporate. It is currently in the process of implementing additional capacity of 9 megawatt wind farm project at Chitradurga in Karnataka.
Indowind Energy proposes use IPO proceeds to purchase hydraulic cranes and acquire second hand wind energy generators from banks.
On NSE at 10:19 am, the share was at Rs 130.50, up 14.83 per cent from its previous close. It touched a high of Rs 134 and low of Rs 120 and around 28,23,901 shares have changed hands in trade so far.
Friday, the share had closed at a premium of 80.76 per cent to its issue price of Rs 65.
On BSE, the share was trading at Rs 128.75. It touched a high of Rs 135.90 and low of Rs 115 with volume at 19,57,215 shares.
The company supplies wind power to its customers including state electricity boards and other corporate. It is currently in the process of implementing additional capacity of 9 megawatt wind farm project at Chitradurga in Karnataka.
Indowind Energy proposes use IPO proceeds to purchase hydraulic cranes and acquire second hand wind energy generators from banks.
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