Nava Bharat Ventures climbs on synchronizing 60MW IPP in Odisha

Nava Bharat Ventures is currently trading at Rs. 98.90, up by 6.55 points or 7.09% from its previous closing of Rs. 92.35 on the BSE.

The scrip opened at Rs. 95.15 and has touched a high and low of Rs. 100.40 and Rs. 94.00 respectively. So far 112638 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 100.40 on 11-May-2021 and a 52 week low of Rs. 33.60 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 100.40 and Rs. 81.55 respectively. The current market cap of the company is Rs. 1405.35 crore.

The promoters holding in the company stood at 45.53%, while Institutions and Non-Institutions held 2.54% and 51.93% respectively.

Nava Bharat Ventures has synchronized the 60MW IPP in Odisha with the grid. The company has commenced power flows for merchant trade henceforth.

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.