Earlier there were media reports that, Veer Energy has signed Expression of Interest with one of World's leading wind turbine manufacturer for sale of an exclusively, indefeasible right to use the transmission rights granted by GETCO for Power Evacuation of 30 MW WTG, along with government waste land allotted to Veer Energy on lease basis by Hon. Collector for setting up wind farm.
One can buy the scrip at around Rs.3.30-3.50 for a target of Rs.5, in the short term. The scrip is today moving up with good volumes. The volume of shares traded in the BSE is nearing half million (414138 shares traded till 12 noon) in the first hour of trade against the 2 (two) week Average Quantity of 1.30 lakhs.