KSK Energy Ventures skyrockets 78.87% in five sessions

KSK Energy Ventures rose 2.8% to Rs 12.11 at 14:20 IST on BSE, with the stock extending recent strong gains.

The stock has skyrocketed 78.87% in five sessions to its ruling price, from a close of Rs 6.77 on 12 September 2017.

Meanwhile, the S&P BSE Sensex was up 18.27 points or 0.06% at 32,442.03. The BSE Small-Cap index was up 83.25 points or 0.49% at 16,916.83.

High volumes were witnessed on the counter. On the BSE, 34.24 lakh shares were traded on the counter so far as against the average daily volumes of 2.35 lakh shares in the past one quarter. The stock had hit a high of Rs 12.95 and a low of Rs 10.65 so far during the day.

The stock had hit a 52-week high of Rs 30.35 on 22 September 2016. The stock had hit a record low of Rs 6.49 on 5 September 2016. The stock had outperformed the market over the past one month till 18 September 2017, gaining 60.93% compared with the Sensex's 2.85% rise. The scrip had also outperformed the market over the past one quarter, rising 27.9% as against the Sensex's 4.4% rise. The scrip had, however, underperformed the market over the past one year, falling 58.37% as against the Sensex's 13.37% rise.

The small-cap company has equity capital of Rs 423.99 crore. Face value per share is Rs 10.

With reference to increase in price, KSK Energy Ventures had clarified after market hours yesterday, 18 September 2017, that it makes necessary disclosures on the developments of the company to the exchanges time to time and that there is nothing to be disclosed.

KSK Energy Ventures' 17th Annual General Meeting is scheduled to be held on 25 September 2017.

On consolidated basis, KSK Energy Ventures reported net loss of Rs 288.09 crore in Q1 June 2017 compared to net loss of Rs 246.60 crore in Q1 June 2016. Net sales fell 0.3% to Rs 1104.51 crore in Q1 June 2017 over Q1 June 2016.

KSK Energy Ventures is a power project development company. The company is engaged in the development, ownership, operation and maintenance of power generation assets in India. The company operates through two segments: power generation and project development.

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