Sterling and Wilson Solar is locked at upper circuit limit of Rs. 209.20, up by 9.95 points or 4.99% from its previous closing of Rs. 199.25 on the BSE.
The scrip opened at Rs. 209.20 and has touched a high and low of Rs. 209.20 and Rs. 209.20 respectively. So far 4366 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 755.50 on 20-Aug-2019 and a 52 week low of Rs. 69.75 on 31-Mar-2020.
Last one week high and low of the scrip stood at Rs. 209.20 and Rs. 161.00 respectively. The current market cap of the company is Rs. 3195.17 crore.
The promoters holding in the company stood at 77.22%, while Institutions and Non-Institutions held 15.38% and 7.40% respectively.
Sterling and Wilson Solar is planning to train the locals to compensate for the shortage amid uncertainty over the return of migrant labourers who left for their villages due to the COVID-19 fears. Lakhs of migrant labourers fled to their villages especially in Uttar Pradesh, Bihar and Orissa, as economic activities had come to a standstill due to the lockdown and COVID-19 cases were rising.
Besides, the company will be bidding for nearly 22 GW (gigawatts) of projects this fiscal across the markets where it is present. Of this, almost 4 GW of orders have been tendered and it has bagged over 1 GW of projects. It is hopeful of bagging a significant number of orders during the year.
Sterling & Wilson Solar is engaged in the business of construction and maintenance of power plants. The company’s products and services range include Contract activities and Operation Services.
