52-week high alert: This multibagger power company received commissioning certificates from GEDA for 7.20MW wind-solar hybrid power project!
The net sales increased by 143.54 per cent and net profit skyrocketed by 222.17 per cent in Q4FY23 over Q4FY22.
KPI Green Energy Ltd inform that the company has received commissioning certificates from Gujarat Energy Development Agency (GEDA) for a 7.20MW wind-solar hybrid power project comprising 4.20MW wind and 3MWdc solar capacity for our client Nouveau Jewellery LLP, Surat under captive power producer (CPP) business segment of the company.
On Friday, shares of KPI Green Energy zoomed 7.10 per cent to make a new 52-week high of Rs 575.35 per share from its previous closing of Rs 537.20. At 01:00 am, shares of the company were trading at Rs 562.50 per share, up 4.71 per cent.
KPI Green Energy Limited provides renewable energy construction services. The company designs and builds solar & wind power plants. KPI Green Energy serves customers in India. The shares of the company saw a spurt in volume by more than 2.67 times on BSE.
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The company has a market cap of Rs 2,033 crore with a CAGR of 263 per cent in just 3 years. The stock has a PE of 18.5x and a ROE of 54 per cent. The net sales increased by 143.54 per cent and net profit skyrocketed by 222.17 per cent in Q4FY23 over Q4FY22. The net sales increased by 179.98 per cent and net profit skyrocketed by 153.55 per cent in FY23 over FY22.
The stock gave multibagger returns of 105 per cent in just 1 year and over 2,200 per cent returns in just 2 years. Investors should keep an eye on this Small-Cap stock.