Veer Energy & Infrastructure Ltd: The share of Veer Energy and Infrastructure Ltd is in focus in the present.
The stock of the company is experiencing an ongoing increase. This penny stock is positive today. Veer Energy’s share jumped by 19.95 percent today to reach a high of Rs 29.46.
In just two trading days, the shares have risen to around 27 percent. The market capitalization that the firm has is higher than Rs 38.44 crore. This company is debt-free until June 2024.
Reason For The Rise In Share
There’s a major announcement that is behind the growth of Veer Energy & Infrastructure Limited. It has just announced the sale of a cutting-edge wind turbine that is worth 429 lakh rupees.
This decision is consistent with our mission to encourage sustainable energy options and to expand our portfolio of renewable energy sources.
The wind turbine that has an output of 850 kW, or 800 kW, is part of the larger facility that can power 2450 kW. It’s strategically situated in Kutch, Gujarat.
Company’s Share Status
Veer Energy and Infrastructure Limited’s stock trades at a 52-week high of Rs 33 and the 52-week low is Rs 13.60.
The stock trades at 0.48 times the book value and has risen 55 percent over its 52-week lowest of Rs 13.60 for each share.
The innovative infrastructure and energy company is located in Mumbai, India. The company was founded in 2006 and traded through the Bombay Stock Exchange (BSE).
The company’s goal is to play an important part in addressing the increasing threat of climate change triggered by greenhouse gases.
Quick Fact
| Company name | Veer Energy & Infrastructure |
|---|---|
| Company Location | Mumbai, India |
| Established Year | 2006 |
| Main Business | Infrastructure and Energy |
| Focus Area | Renewable Energy |
| Current Project | Wind Turbine |
| Turbine Capacity | 850 kW to 2450 kW |
| Project Location | Kutch, Gujarat |
| Debt Status | Debt-free until June 2024 |
| Market Capitalization | ₹38 crore+ |
| Recent Share Growth | 27% in two days |
| Reason for Share Growth | Sale of wind turbine |
| Turbine Sale Value | ₹429 lakh |
| Share Price Today | ₹26 |
| Climate Change Focus | Reduce greenhouse gases |
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