India's Sarda Energy up; named successful resolution applicant for SKS Power

Sarda Energy & Minerals

09/06/2023 07:45

** Shares of Sarda Energy Minerals  SAEM.NS  rise as much as
2.70% to 1,261 rupees
    ** Uptick after the company engaged in metals, mining and
power sectors was declared by the resolution professional of SKS
Power Generation as the successful resolution applicant, taking
over the assets of SKS Power     
    ** SKS has 600 Mega Watt thermal power capacity in operation
with infrastructure to increase capacity to 1,200 MW
    ** Trading volume is 33,768 shares as of 11:59 a.m. IST,
1.1x the 30-day avg - Refinitiv data
    ** The moving average convergence divergence (MACD) line has
been above the signal line since May 23, suggesting bullish
momentum


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))