Areva T&D shares up 12 percent

By SiliconIndia   |   Thursday, May 27, 2010
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Bangalore: Areva T&D was among the top gainers of the day after its share price went up by nearly 12 percent. After opening the day at Rs. 238.95, the stock touched its day's high of Rs. 269.70, before ending the day at Rs. 238.95, with a gain of 11.91 percent. Through the day, 829641 shares of Areva T&D were traded in the market with the current P/E ratio of 44.34. The 52 week stock price chart is on the left. Areva T&D is an India-based company. The Company is engaged in the business of transmission and distribution of energy offering its customers a complete range of solutions to improve network stability and energy efficiency. The Company's solutions include turnkey substations; substation equipment, such as high and medium voltage transformers, circuit breakers, disconnectors and instrument transformers; network management, protection and control solutions, and network consulting, asset management, refurbishment and spare part solutions to manage electrical installations. Recently, Areva T&D has won three turnkey project orders from Chattisgarh State Power Transmission Company and West Bengal State Electricity Transmission Company. Currently, seven analysts are following the stock with three analysts saying that the stock will outperform. The consensus recommendation is to hold the stock.
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