2:1 stock split on July 18 after 1:2 bonus shares: Multibagger solar-wind stock with a strong order book hit the upper circuit; keep under the radar!
The stock gave multibagger returns of 246 per cent in just 1 year whereas BSE Sensex Index is up by 22.11 per cent.
On Monday, shares of KPI Green Energy Ltd were locked in a 5 per cent upper circuit to Rs 1,942.75 per share from its previous closing of Rs 1,850.25. The stock’s 52-week high is Rs 2,109.25 and its 52-week low is Rs 496.92. The shares of the company saw a spurt in volume by more than 1.16 times on BSE with an ROE of 30 per cent and an ROCE of 22 per cent.
The Board of Directors of the company announced a stock split of equity shares i.e., the existing 1 equity share of the company having a face value of Rs 10 each fully paid-up will be sub-divided/split into 2 equity shares having a face value of Rs 5 each fully paid-up. The Board fixed the record date for the stock split as Thursday, July 18, 2024.
Earlier, the shares of the company ex-traded bonus shares wherein the company will issue bonus equity shares of the company in the proportion of 1 equity share of Rs 10 each for every 2 existing equity shares of Rs 10 each as of record date. The ex-date for 1:2 bonus shares was Thursday, February 15, 2024. The new bonus equity shares allotted shall rank pari-passu in all respects with the existing equity shares in the company.
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KPI Green Energy Ltd, established in 2008 as part of the KP Group, is a renewable energy leader specializing in solar power generation. They operate under the "Solarism" brand, offering a comprehensive solution for both Independent Power Producers (IPPs) and Captive Power Producers (CPPs). Their services include developing, building, owning, managing, and maintaining solar power plants across Gujarat, with a current installed capacity exceeding 445 MW. They cater to IPPs by directly generating and selling solar electricity, while also providing Engineering, Procurement, and Construction (EPC) services to CPP clients who wish to set up their solar power facilities. The company has a market cap of over Rs 11,000 crore with a strong order book.
The stock gave multibagger returns of 246 per cent in just 1 year whereas BSE Sensex Index is up by 22.11 per cent. Furthermore, the stock generated 727 per cent returns in 2 years and a whopping 11,885 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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