Multibagger from its 52-week low: This small-cap power company receives a solar power project!

Multibagger from its 52-week low: This small-cap power company receives a solar power project!

Kiran Shroff
/ Categories: Trending, Mindshare

The stock has a PE of 21x, a ROE of 42.39 per cent and a ROCE of 33.40 per cent.   

KPI Green Energy Ltd informed that the company has received an order for the execution of a solar power project of 35 MW capacity from Creative Technologies through KIG Energia Private Limited, a wholly-owned subsidiary of the company under the Captive Power Producer (CPP) segment of the company. The project is scheduled to be completed in the financial year 2023-2024, in various tranches as per the terms of the order.  

On Thursday, shares of KPI Green Energy zoomed 1.21 per cent to Rs 483.20 per share from its previous closing of Rs 477.40 with a day’s high of Rs 495.15 and a day’s low of Rs 484.20. The stock has a 52-week high of Rs 515.35 and a 52-week low of Rs 191.63.   

 

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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 company has a market cap of Rs 1,746 crore with a CAGR of 230 per cent in just 3 years. According to the Quarterly Results and annual results, the company has reported amazing numbers. The stock has a PE of 21x, a ROE of 42.39 per cent and a ROCE of 33.40 per cent.   

The stock gave multibagger returns of 158.31 per cent from its 52-week low of Rs 191.63 per share. Investors should keep an eye on this small-cap stock.   

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