Madhucon climbs 4% on AP thermal project development

Madhucon Projects climbed on Wednesday on news that Simhapuri Energy a 100% subsidiary of Madhucon Infra is developing 1,920 MW coal fired thermal project near Nellore, in India with a total project cost of around Rs 112.70 billion (USD 2,500 million) in three phases.Shares of the companyis trading at Rs 35.80, up Rs 1.35, or 3.92% at the Bombay Stock Exchange (BSE) on Wednesday at 9:40 a.m.Unit -1 with 150 MW capacity of phase-I project of SEPL at Thamminapatnam village, near Krishnapatnam South sea port, SPSR Nellorw district, Andhra Pradesh has been declared commercial operation with effect from zero hours of May 4, 2012.The scrip has touched an intra-day high of Rs 36 and low of Rs 35.20. The total volume of shares traded at the BSE is 403.In the earlier session, the shares lost 3.37%, or Rs 1.2, at Rs 34.45. Currently, the stock is trading down 61.87% from its 52-week high of Rs 93.90 and above 7.35% over the 52-week low of Rs 33.35.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 38.10 (3.65) (9.58) 1 Month 36.60 (2.15) (5.87) 3 Months 56.00 (21.55) (38.48) 6 Months 51.60 (17.15) (33.24) 1 Year 86.45 (52.00) (60.15) Note: Based on previous day closing price.