Stock News in Focus: Azure Power Global Limited (NYSE:AZRE)

Azure Power Global Limited (NYSE:AZRE) spotted trading -34.49% off 52-week high price. On the other end, the stock has been noted 28.48% away from the low price over the last 52-weeks. The stock changed -0.75% to recent value of $10.6. The stock transacted 18524 shares during most recent day however it has an average volume of 23.3K shares. The company has 41.28M of outstanding shares and 35.77M shares were floated in the market.  

 On Aug. 27, 2019, Azure Power Global Limited (NYSE:AZRE) a leading solar power producer in India, disclosed that it will hold its annual general meeting of shareholders at the Company’s office on the 3rd Floor, Asset 301-304, WorldMark 3, Aerocity, New Delhi 110037, Republic of India at 3 p.m.(Delhi Time) on September 27, 2019.

The Company will propose at the annual general meeting to (i) to adopt the Annual Report of the Company along with the Report of the Board of Directors and the Report of the Auditors on the Financial Statements and the Form 20-F filed with SEC for the year ended 31 March 2019, (ii) re-appoint Ernst & Young Associates LLP as the auditor (the Auditor) to audit the account of the Company for the fiscal year ending March 31, 2019 and to set the remuneration of the Auditor, (iii) re-elect Mr. Sanjeev Aggarwal as the Company’s director, (iv) re-elect Mr. Rajendra Prasad Singh as the Company’s director, (v) re-appoint Mr. Harkanwal S. Wadhwa as the Company’s director, and (vi) to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.

Only shareholders on record of the Company’s equity shares on the close of business on September 6, 2019 (Eastern Standard Time) (the Record Date) are entitled to receive notice and vote at the annual general meeting or any adjournment. Shareholders are cordially invited to attend the annual general meeting. Shareholders are entitled to appoint a proxy to attend and act for and on behalf of them at the meeting.

 Its earnings per share (EPS) expected to touch remained 106.40% for this year. AZRE has a gross margin of 91.30% and an operating margin of 55.40% while its profit margin remained 1.50% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.79% from the mean of 20 days, -0.14% from mean of 50 days SMA and performed -1.04% from mean of 200 days price. Company’s performance for the week was 2.12%, -1.85% for month and YTD performance remained 17.13%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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