IND Renewable Energy board has approved raising Rs 26 crore through a rights issue

IND Renewable Energy Ltd jumps 5% on board nod to fund-raising plan

A meeting of Board of Directors of IND Renewable Energy is scheduled to be held on Wednesday to consider fund raising by ways of rights issue.

IND Renewable Energy trades 5% in green on rights issue plans

Nazara, Coromandel Intl, IRCTC, GR Infraprojects, IND Renewable Energy, Chalet Hotels, Bharat Wires, Samvardhan Motherson, Power Grid Corp, HG Infra and Burnpur Cement are some of the stocks that will see action today

stocks in focus today

Board of IND Renewable Energy approves fund raising up to Rs 15.5 cr via rights issue

Inditalia Refcon reports standalone net loss of Rs 0.01 crore in the December 2020 quarter

IND Renewable Energy on Friday reported narrowing of its net loss to Rs 0.63 lakh in the December quarter.

IND Renewable Energy net loss narrows to Rs 0.63 lakh in Dec quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

IND Renewable Energy is engaged in building infrastructure for conventional and non-conventional energy sources.