Debt-Free Multibagger Stock at Rs 100 With 1,448 Per Cent Returns, Hit Back-To-Back Upper Circuits & 52-Week Highs; PAT Jumps 1,600 Per Cent
The company has a market cap of Rs 66.65 crore and as of September 2024, the company is debt-free.
On Friday, shares of EPIC Energy Ltd were locked in a 2 per cent upper circuit to Rs 92.42 per share from its previous closing of Rs 88.84. The stock also made a new 52-week high of Rs 92.42 per share and gave multibagger returns of 1,448 per cent from its 52-week low of Rs 5.97 per share.
Epic Energy is an Indian company dedicated to promoting energy efficiency and renewable energy solutions. With a focus on sustainability, they provide a range of services to help businesses and individuals reduce their carbon footprint and energy costs. Their team of experts offers comprehensive solutions, including energy audits, renewable energy installations, and energy management systems. By adopting innovative technologies and sustainable practices, Epic Energy aims to contribute to a greener and more energy-efficient future.
According to Quarterly Results, the net sales increased by 35.3 per cent to Rs 0.69 crore and net profit increased by 1,600 per cent to Rs 0.34 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 21.1 per cent to Rs 1.32 crore and net profit increased by 345.5 per cent to Rs 0.11 crore in H1FY25 compared to H1FY24.
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Earlier, Epic Energy Limited's strategic partnership with Fenfeo Automotive Private Limited marks a significant stride towards India's electric mobility future. By establishing a state-of-the-art EV charger manufacturing facility in Coimbatore, the joint venture aims to address the surging demand for fast-charging infrastructure. The facility's initial production capacity of 15,000 chargers per year, coupled with ambitious expansion plans, positions Epic Energy to capitalize on the rapidly growing EV market. This strategic move is further validated by Bain's "India Electric Vehicle Report 2023," which highlights the increasing preference for fast-charging solutions in sectors like transportation and logistics.
The company has a market cap of Rs 66.65 crore and as of September 2024, the company is debt-free. Investors should keep an eye on this solar penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.