On the second consecutive day of positive sentiments in the Indian share market, Godawari power and Ispat performed really well. The shares rallied up by 6.19% at 9:52 IST to trade at Rs. 213.50.

The rise in the share price came after the company’s announcement to set up a 50 megawatt solar thermal power project. The unit will cost up to Rs. 700 crore for the company and is expected to reap great benefits for the company.

The announcement came in after the market hours on Wednesday and the rise was expected on Thursday. The BSE Sensex in early hours of its trade was up by 106.77 points which 0.53% at levels of 20, 362.80.

The intraday high so far hit by the stock was at Rs 214.90 with an intraday low registered at Rs 202.

The 52 week high for the stock is an impressive 319.80 on April 26 2010 with a low of Rs. 169 on Nov 26 2010. The small cap shares were doing really well as they had outperformed the BSE Sensex returns of 4.39% as compared to the returns of 14.79% given by them.