Penny stock below Rs 15; Board likely to announce rights issue!

Today, shares of the company saw a spurt in volume by more than 7.14 times on BSE.

Today, shares of IND Renewable Ltd surged 10 per cent upper circuit to Rs 11.95 per share from its previous closing of Rs 10.87 being one of the Top Gainers on BSE. The shares of the company ended the day on a positive note, up 3.13 per cent to Rs 11.21 per share. The stock has a 52-week high of Rs 16.08 and a 52-week low of Rs 7.74.  

The Board of Directors of IND Renewable Ltd has scheduled a meeting on Wednesday, March 22, 2023, to, inter-alia, consider the subject to the approval of shareholder raising of funds through the issue of shares on a Rights basis/issue of equity shares on a preferential basis or through any other mode.  

IND Renewable Energy Limited focuses on investments in conventional and non-conventional power projects and is in the business of generation of solar power including rooftop solar. The Company also invests in shares, stocks, bonds, debentures and other securities. IND Renewable Energy serves customers in India.  

Today, shares of the company saw a spurt in volume by more than 7.14 times on BSE. The stock is up by 8.18 per cent in 6 months and up by 43.48 per cent in 1 year. Investors should keep this stock under their watchlist.