Torrent Power rose 1.72% to Rs 162.70 at 09:58 IST on BSE after the company's wholly owned subsidiary successfully completed the technical commissioning of gas based DGEN Mega Power Project at Dahej SEZ, District Bharuch, Gujarat on 26 November 2014.
Meanwhile, the BSE Sensex was down 7.25 points or 0.03% at 28,378.94
On BSE, so far 1.11 lakh shares were traded in the counter as against average daily volume of 3.18 lakh shares in the past one quarter.
The stock hit a high of Rs 164.35 and a low of Rs 160.55 so far during the day. The stock had hit a 52-week low of Rs 79.15 on 18 March 2014. The stock had hit a 52-week high of Rs 173.45 on 12 September 2014.
The stock had underperformed the market over the past one month till 26 November 2014, rising 3.66% compared with the Sensex's 5.72% rise. The scrip had, however, outperformed the market in past one quarter, jumping 25.06% as against Sensex's 7.35% rise.
The mid-cap company has equity capital of Rs 472.45 crore. Face value per share is Rs 10.
Torrent Power after market hours yesterday, 26 November 2014 said that Torrent Energy (TEL), a wholly owned subsidiary of Torrent Power has successfully completed the technical commissioning of nearly 1,200 MW gas based DGEN Mega Power Project at Dahej SEZ, District Bharuch, Gujarat on 26 November 2014. The Project is awaiting the availability of gas at affordable prices to serve the electricity consumers effectively, Torrent Power said.
On a consolidated basis, Torrent Power reported net profit of Rs 23.07 crore in Q2 September 2014 as against net loss of Rs 29.29 crore in Q2 September 2013. Torrent Power's total income rose 20% to Rs 2783.74 crore in Q2 September 2014 over Q2 September 2013.
Torrent Power is one of the largest private players in the country having integrated operations in the power sector.
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