Penny Stock under Rs 15: Heavy buying witnessed in this energy stock hits upper circuit today; FIIs increased their stake from 0.76 per cent to 2.04 per cent!

The company's shares have delivered an impressive return of around 280 per cent to their shareholders in just 1 year.

RattanIndia Power Limited is one of India’s largest private power generation companies, with an installed capacity of 2,700 MW thermal power plants at Amravati and Nashik (1,350 MW at each location) in Maharashtra, India. The company's stock has witnessed heavy buying and was among the Top Gainers today also the top volume gainers. On the BSE, trading volumes surged by 4.29 times.

Shareholding Pattern of RattanIndia Power Limited

In March 2024, the promoters' stake stood at 44.06 per cent while FIIs held 2.04 per cent in which increased from 0.76 per cent. DIIs stake stood at around 6.61 per cent as per the recent update.

Also, read How Rs 1,000 becomes Rs 1.40 crore in this stock and generates returns of 13,88,285 per cent!

Share Performance and Financial Performance of RattanIndia Power Limited

On Wednesday, the company's stock rallied 5 per cent hit a high of Rs 12.04 per share on the BSE and finally closed at around Rs 12.04 per share, with a market capitalisation of Rs 6,465.61 crore. Additionally, the stock has delivered a multibagger return of around 280 per cent in the past one year. In the past five years, the company’s stock has yielded a remarkable return of 467 per cent.

In FY23 RattanIndia Power Limited reported revenue of Rs 3,231 crore, representing a year-on-year de-growth of 0.87 per cent from Rs 3,260 crore last year. The company posted an operating profit of Rs 738 crore, compared to a profit of Rs 803 crore last year. The company’s net loss stood at Rs 1870 crore in FY23. The company has not yet released its current Quarterly Results as well as the annual performance of FY24 but will announce them soon.

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RattanIndia Power Limited is one of India’s largest private power generation companies, with thermal power plants at Amravati and Nashik in Maharashtra. The power plants are spread over an area of 2,400 acres. The company counts marquee funds like Goldman Sachs and VardePartners, USA as investors in the business. The Group has created a world-class power generation asset with a deep focus on execution using best-in-class equipment and technology.

Investors must keep this Small-Cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.