Sarda Energy is one of the lowest cost producers of steel (sponge iron, billets, ingots, TMT bars) and one of the biggest suppliers and exporters of ferro alloys in India. Based in Raipur, Chhattisgarh, the company merged Chhattisgarh Electricity Company Limited (CECL) with itself in the year 2007 with an aim to become the leading energy and minerals company.
During the 17th Nov trade Sarda Energy share price slipped over 7 per cent. The stock is trading below 18 points at Rs. 206.45. It opened at Rs. 223.95 as compared to its previous closing at Rs. 223.80. The scrip touched the days high and low at Rs. 227.90 and Rs. 203.30. Till now, 1,05,805 shares are traded in the counter with a traded value of Rs. 228.49 lacs, as per NSE.
The lower price band of the share is 179.05 and the upper price band is 268.55. Sarda Energy share price touched its 52 week high value is at Rs. 296.20 on 1st Nov ’16 while the 52 week low is seen at Rs. 75.50 on 26th Feb ‘16. The Average Daily Movement of the stock is 13 and its average volume for last 20 days is315785. The stock yields -0.02 per cent monthly returns and has the Consolidated FY 15-16 PE Ratio of 34.10. The market cap of the company amounts to Rs. 805.19 (Cr)and has a book value of Rs. 337.38.
Sarda Energy is a multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Sarda Energy share price history.
No comments:
Post a Comment