3x returns in 6 months: Make hay while the sun shines on this solar PV system manufacturing company!

Ever since its listing on BSE & NSE Main board six months ago, the company’s shares have delivered nearly 300 per cent to its investors.

Zodiac Energy Ltd, a micro-cap company that provides turnkey solutions from concept to commissioning of power plants, has entered the list of multibagger stocks for 2022.  

During this period, while the S&P BSE Sensex plunged 8.81 per cent, the company share price has steadily appreciated by 276 per cent, going from Rs 32.10 on December 14, 2021, to Rs 120.80 on June 14, 2022.  

The company operates in the business segments of Solar Photovoltaic (PV) systems, building integrated PV systems, solar thermal, emerging technologies, and diesel/gas-based captive/ co-generation power plants. 

Some of the prominent clients of the company are Adani Group, Torrent Power Limited, Reserve Bank of India, and Indian Oil Corporation Limited, for whom the company has installed solar power plants.

Factors that led to the multibagger returns 

Amid the ever-growing concerns of carbon emissions on the environment, corporates and governments all over the world have started taking action to shift from the conventional sources of energy to the unconventional ones. Owing to this, there is a rise in demand for green energy, solar energy being one such source. The government driven push in the form of setting up of specialized bodies, incentives and initiatives such as the National Solar Mission further aided the industry’s growth.  

At 11.10 am, the shares of Zodiac Energy Ltd were trading at Rs 121.40 apiece.  

Disclaimer: Zodiac Energy is not an investment recommendation. The article has been written purely for knowledge purposes.