1000 per cent multibagger returns: This small-cap solar manufacturer secures significant orders for supply of solar PV modules, stock hits upper circuit today!

The company's shares have generated an impressive multibagger return of over 180 per cent in the past six months only.

The wholly owned subsidiary company of Insolation Energy, Insolation Green Energy Private Limited, has recently secured significant orders for the supply of Solar PV Modules Mono Perc M-10. The esteemed clients in this venture are APM Projects Private Limited and Rotomag Motors and Controls Private Limited.

These orders collectively amount to a substantial contract value of Rs 93.52 crore, inclusive of GST.

Also Read: This small size IT company has posted its highest-ever sales and profit in Q4 and FY24. The stock hit the upper circuit today.

Share Performance

Following the announcement of the order, shares of this Small-Cap company hit the upper circuit today. Insolation Energy's shares opened trading at Rs 1616 per share, up from Tuesday's closing price of Rs 1577 per share. Throughout the intraday session, the stock fluctuated between highs and lows of Rs 1655.85 and Rs 1600, respectively. Currently, the company's shares are priced at Rs 1655.85 each and are locked in the upper circuit. This reflects strong market demand with no sellers offering shares, resulting in potential buyers being unable to make purchases, leading to buyer disappointment.

The market capitalisation of the company stands at Rs 3449 crore. Additionally, the stock has delivered an impressive multibagger return of around 1071 per cent in the past year.

Business Overview

Incorporated in 2015, Insolation Energy specialises in producing high-efficiency solar panels and modules of various sizes. Situated in Jaipur, the company operates a state-of-the-art manufacturing facility spanning over 60,000 square feet, equipped with cutting-edge machinery, capable of producing 200 MW of SPV Modules.

Investors must keep this stock on their radar.