Promax Power soars on acquiring 24% stake in Promax Carbontier
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Promax Power is currently trading at Rs. 79.01, up by 1.33 points or 1.71% from its previous closing of Rs. 77.68 on the BSE.
The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 85.43 and Rs. 79.01 respectively. So far 32500 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.43 on 06-Feb-2024 and a 52 week low of Rs. 29.05 on 15-Feb-2023.
Last one week high and low of the scrip stood at Rs. 85.43 and Rs. 52.00 respectively. The current market cap of the company is Rs. 97.10 crore.
The promoters holding in the company stood at 71.20%, while Non-Institutions held 28.80% in the company.
Promax Power has acquired 24% stake in Promax Carbontier. This strategic investment not only strengthens its commitment to sustainable practices but also promises to deliver enhanced value to Promax Power shareholders. Promax Carbontier's focus on climate change and carbon credit project development aligns seamlessly with its long-term vision.
Promax Power is engaged in the business of engineering procurement construction for electrification, civil infrastructure, and water infrastructure management projects.
