Turnaround Story: 8,000 per cent multibagger returns, SOLAR stock hits upper circuit with heavy volumes; Posted profits after 4 years!

The shares of the company have delivered a return of over 8,300 per cent to its shareholders in just 1 year.

This Small-Cap company is a multifaceted company engaged in the renewable energy sector. Their core activities encompass the generation of solar power, encompassing manufacturing, sales, and servicing of solar power plants and projects. Additionally, they have ventured into the electric vehicle market by manufacturing and selling electric vehicles. Today the company experienced a significant surge in its share price. Ujaas Energy was incorporated in 1999. 

At the start of the day's trading session, the stock opened at Rs 165.45 per share, compared to the previous day's closing figure of Rs 157.61 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 165.45 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalisation of Ujaas Energy stands at Rs 1742 crore, and the stock has generated an impressive multibagger return of around 7286 per cent in the past year. 

Also, read Rs 40,000 Profit in a single day: This Adani Group stock has generated exceptional wealth on an investment of just Rs 48,000!

Financial Performance

As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 6.84 crore compared to a revenue of Rs 8.63 crore. The company’s operating profit reached Rs 1.87 crore compared to a profit of Rs 2.66 crore in Q4 FY23. The operating margin stood at 27.34 per cent. The net loss of the company was Rs 4.14 crore in Q4 FY24 compared to a net loss of Rs 2.90 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 27 crore, compared to Rs 31 crore in FY23. The company reported a net profit of Rs 29 crore in FY24 after back-to-back losses in the past 4 years.

According to the shareholding pattern, the promoters of the company hold 94.97 per cent while the remaining 5.04 per cent is held by the public or retail investors.

Investors must keep this small-cap stock on their radar.

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