Areva T&D shares soar 11 percent


Areva T&D shares soar 11 percent
Bangalore: Areva T&D ended the Tuesday trading on high note with a gain of 28.70 (10.33 percent). Throughout the day the company traded in the range of 280.10 - 309.70. Overall 1,883,434 shares were traded throughout the day with current P/E ratio at 38.18. The 52 week stock price chart is on the left. AREVA T&D India is an India-based company engaged in the business of transmission and distribution of energy. The company's products and systems serve to transmit and distribute electricity, as well as operate networks through information management. During the year ended December 31, 2008, it had manufacturing facilities in 43 countries. The companys products include switchgear, transformers and reactors, and control panels. With 471,910 units of shares DWS Money Plus Advantage Fund holds the largest number of shares in Areva T&D. Other transmission and distribution companies ended the day on positive note with Crompton Greaves, Alfa Transformers and Voltamp Transformers gaining 0.94, 1.60 and 0.17 percent, respectively. Out of 13 stock analyst following Areva, the consensus recommendation is underperform, while one recommended it as outperform and six asked to sell the stock.