Meanwhile, the BSE Sensex was up 82.89 points, or 0.43%, to 19,512.12.
On BSE, 1.75 lakh shares were traded in the counter as against average daily volume of 7.52 lakh shares in the past one quarter.
The stock hit a high of Rs 8.18 and a low of Rs 8 so far during the day. The stock had hit a 52-week high of Rs 16.18 on 4 January 2013. The stock had hit a 52-week low of Rs 7.70 on 6 June 2013.
The stock had underperformed the market over the past one month till 7 June 2013, sliding 15.45% compared with the Sensex's 2.3% fall. The scrip had also underperformed the market in past one quarter, declining 25.43% as against Sensex's 0.08% gain.
The small-cap power has an equity capital of Rs 2642.73 crore. Face value per share is Rs 10.
Indiabulls Power after trading hours on Friday, 7 June 2013 said that first unit (270 megawatt) of its 1350 megawatt (5x270 megawatt) phase I thermal power plant at Amravati, Maharashtra has commenced commercial operation and has started supply of power under long term power purchase agreement to Maharashtra State Electricity Distribution Company.
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Indiabulls Power is currently developing thermal power projects with an aggregate capacity of 5400 megawatt.
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