Promoter Bought 69,20,150 Shares – Microcap Power Infrastructure Stock Surges and Hits Upper Circuit Today
The company’s shares have delivered an impressive return of over 600 per cent to its shareholders.
Incorporated in 2015, Kay Cee Energy and Infra Ltd specializes in constructing and commissioning electricity transmission and distribution systems. The company handles engineering, procurement, and construction (EPC) projects for government entities, including Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).
Today, the company’s shares rallied 10 per cent with a significant volume and hit the upper circuit price of Rs 398.85 each on the NSE. The company’s current market capitalization stands at Rs 437.14 crore. The stock has delivered a multibagger return of over 600 per cent compared to its final IPO price of Rs 54 each.
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Looking at the financial performance of the company then first of all it doesn’t announce Quarterly Results and as per the half-yearly results in September 2024, Kay Cee Energy and Infra Ltd recorded a revenue of Rs 37.86 crore. The operating profit for the period stood at Rs 8 crore. The net profit was Rs 5 crore. Looking at the annual performance, the company generated a revenue of Rs 64.47 crore in FY24, compared to Rs 61.09 crore in FY23. The operating profit for FY24 was Rs 12.50 crore with a net profit of Rs 6.55 crore.
According to the shareholding pattern, promoters own 70.40 per cent which was earlier 70.26 per cent and public investors own 29.26 per cent. DIIs owns a 0.33 per cent stake in the company.
Investors must keep this micro-cap power infra company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.