Moser Baer shines bright

Moser Baer India, which from a much sought after stock became a penny stock, is today back in the news. The stock is up over 6% at Rs.9.90, with volumes rising almost 2.5 times.

The stock is reacting to the lucrative order it bagged yesterday - contracts in Kerala, Tamil Nadu and Rajasthan for the State Government-run programmes for rooftop solar installation. The company is now focussing on residential rooftop segment after developing grid-linked solar projects for two years and is working with State nodal agencies to solarise Indian homes. No financial detail of the order has been mentioned.

The company continues to be loss making and it ended Q2FY15 with a loss at Rs.138 crore, up from loss of Rs.132 crore in previous Q2. It had ended FY14 with a loss at Rs.447 crore.