Back-To-Back Volume Spurt Alert: Multibagger Solar Stock Hit Upper Circuit On January 22; Company Bagged Orders Of Rs 7,93,94,744.64 From DVC
The stock gave multibagger returns of 600 per cent in just 1 year and a whopping 3,000 per cent in 5 years.
On Wednesday, shares of RDB Infrastructure and Power Limited hit a 5 per cent upper circuit to an intraday high of Rs 573.95 per share from its previous closing of Rs 546.65 per share. The shares of the company saw a spurt in volume by more than 1.36 times on BSE and in recent trading sessions, the stock has seen back-to-back volume spurt.
RDB Infrastructure and Power Limited (Formally known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.
RDB Infrastructure and Power Limited secured two significant contracts from Damodar Valley Corporation (DVC) on January 10, 2025. The first contract involves the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV plants, including the supply of plant and equipment, mandatory spare parts, and comprehensive operation and maintenance (O&M) for five years. This project entails the installation of solar panels across DVC-owned buildings within the command area of West Bengal and Jharkhand. The total order value for this EPC contract is Rs 7,51,19,164.10 (including GST).
The second contract awarded to RDB Infrastructure focuses solely on the comprehensive O&M of existing grid-connected rooftop solar plants with a cumulative capacity of approximately 10 MWp within the DVC command area. This contract encompasses five years, commencing from the date of operational acceptance of the plants. RDB Infrastructure will be responsible for all aspects of maintenance, including the supply and storage of spare parts, consumables, repairs, replacements, and insurance coverage. The total order value for this O&M contract is Rs 42,75,580.54 (including GST).
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Furthermore, RDB Infrastructure and Power Limited (RDBIPL) has announced a proposed 10:1 stock split of its equity shares. This means each existing Rs 10s face value equity share will be divided into 10 equity shares of Re 1 each. The company aims to increase liquidity and attract a wider investor base through this stock split. The record date for the split will be determined after shareholder approval through a postal ballot e-voting process.
The company has a market cap of Rs 968 crore with promoters holding 70.42 per cent stake and pubic owning 29.58 per cent stake. The stock gave multibagger returns of 600 per cent in just 1 year and a whopping 3,000 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.