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

The stock gave multibagger returns of 158.40 per cent from its 52-week low of Rs 191.63 per share.

KPI Green Energy Ltd informed that the company has successfully commissioned a 26.10MW wind-solar hybrid power project comprising 16.10MW wind and 10MW solar capacity, being its own power generating asset portfolio, at Shungar site in Bhavnagar, Gujarat, under the Gujarat Wind-Solar Hybrid Power policy 2018.   

The Company has made necessary arrangements for selling the power generated out of this wind solar hybrid power project to the Commercial and Industrial (C&I) clients.  

On Wednesday, shares of KPI Green Energy zoomed 0.53 per cent to Rs 488 per share from its previous closing of Rs 485.45 with day’s high of Rs 495.15 and low of Rs 486.10. The stock has a 52-week high of Rs 515.35 and a 52-week low of Rs 191.63.    

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 1,764 crore with a CAGR of 250 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 21.42x, a ROE of 42.39 per cent and a ROCE of 33.40 per cent.   

The stock gave multibagger returns of 158.40 per cent from its 52-week low of Rs 191.63 per share. Investors should keep an eye on this Small-Cap stock.