Heavy Buying Solar & Electric Vehicle Company Hits Upper Circuit and 52-Week High Today; Stock Gains Over 16,750 per cent in Just 1 Year!
The company’s shares have delivered a multibagger return of over 840 per cent in the past 3 months only.
Incorporated in 1999, Ujaas Energy Ltd is involved in generating solar power and providing services related to solar power plants and electric vehicles. The company operates under its flagship brand "UJAAS" and focuses on the sale of solar power and the establishment of solar projects in three main areas: engineering procurement and construction, solar parks, and rooftop installations. It offers operations and maintenance services for these assets and has an installed solar power capacity of approximately 14 megawatts (MW), with over 235 MW of solar power plants established. Recently, the company has also entered the electric two-wheeler market with the launch of its E-Spa model.
At the start of the day's trading session, shares of Ujaas Energy Ltd opened at Rs 360.65 per share, compared to the previous day's closing figure of Rs 343.50 per share on the BSE. Finally, the shares closed at Rs 360.65 per share. The stock has hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 3797.69 crore, and the stock has generated an impressive multibagger return of over 16,750 per cent in the past 1 year.
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As per the Quarterly Results, in Q4 FY24, Ujaas Energy Ltd recorded a revenue of Rs 6.84 crore representing a de-growth of 8.63 per cent YoY. The operating profit for Q4 FY24 stood at Rs 1.87 crore with an operating profit margin of around 27.34 per cent. The net loss for Q4 FY24 was Rs 4.14 crore compared to a loss of Rs 2.90 crore. Looking at the annual performance, the company generated a revenue of Rs 27 crore in FY24, compared to Rs 30 crore in FY23 with a net profit of Rs 29 crore.
According to the shareholding pattern of Ujaas Energy Ltd, promoters own a 94.97 per cent stake, while public investors hold 5.04 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.