On Friday this small-cap stock climbed up to 5% after the company received an order worth Rs. 1,535 Cr. This stock has delivered 16% returns in six months and 33% returns in YTD. A strong and rising volume that is greater than normal when compared to the previous day and week has kept the stock price at a high level.
Sterling and Wilson Renewable Energy Limited
Sterling and Wilson Renewable Energy Limited (SWRE) the company belongs to a small-cap category, with a market capitalisation of Rs. 6,791 Cr. On Friday the stock rose up to 5%, at 13:45 p.m., shares were trading 3.9% up at Rs. 362 on NSE.
According to the company filing, SWRE Limited received the notification of award for the EPC project of 300 MWas of NTPC Renewable Energy Ltd ( NTPC REL) at khavda RE Power Park, Rann of Kutch, Gujarat. The total contract value, including O&M for 3 years, would be Rs. 1,535 Cr.
As per the company filing, total revenues declined by 56.8% from Rs. 1,211.06 Cr in Q1 FY23 to Rs. 522.35 Cr in Q1 FY24 and the company reported a net loss of 95.32 Cr in Q1 FY24 against a loss of 357.86 Cr in Q1 FY23.
As per the latest shareholding information, Promoters hold 69.04%, FIIs hold 4.26%, Diis hold 5.57% and the Public hold 21.13% stake in the company.
Sterling and Wilson Renewable Energy Ltd. the company provides turnkey and rooftop solutions for solar power project engineering, procurement, construction (EPC), development, operation, and maintenance. The company’s operating sectors are solar EPC business and operation and maintenance service.
Written by Sheshadri N
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
