75 per cent returns from its 52-week low: This micro-cap company is setting solar power plant with a capacity of 1300-MW!

The stock is up by 75 per cent from its 52-week low of Rs 110.2 per share.

KAKA Industries Limited, a leading manufacturer and supplier of PVC-based products, proudly announces its commitment to environmental responsibility with the installation of a state-of-the-art 1300-KW solar power plant at its new factory, spanning an impressive 7,00,000 square feet. (Constructed Area: 3,60,000 Sq. Ft) at its Manufacturing Plant located at Village-Lasundra, Kathlal, Gujarat to be met our internal accruals.

The solar power plant, projected to have an approximate lifespan of 25 years, represents a pivotal step in KAKA's journey towards sustainable and eco-friendly manufacturing practices. The project is scheduled to be fully commissioned by the end of January, marking the beginning of tangible benefits in the fiscal year 2024-25. This means KAKA Industries Limited is poised to realize substantial electricity cost savings for the subsequent 21 years.

On Friday, shares of Kaka Industries Ltd gained 4.74 per cent to Rs 195.85 per share from its previous closing of Rs 187. The stock’s 52-week high is Rs 210 and its 52-week low is Rs 110.2.

The company has a market cap of Rs 265 crore. AcThe stock is up by 78 per cent from its 52-week low of Rs 110.2 per share. cording to its annual results, the net sales increased by 32 per cent to Rs 154 crore and net sales increased by 40 per cent to Rs 7 crore in FY23 compared to FY22.

As of September 2023, the promoters own a 69.78 per cent stake in the company, FIIs own 1.42 per cent, DIIs own 1.41 per cent and the rest of the 27.39 per cent stake is owned by public investors. The stock is up by 75 per cent from its 52-week low of Rs 110.2 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.