Back-to-back upper circuits in this debt-free multibagger solar stock; Bagged orders worth Rs 16,29,00,000 from HPCL; GEDA and GC&EMS
The stock gave multibagger returns of 147.3 per cent from its 52-week low of Rs 207 per share.
On Friday, shares of Ahasolar Technologies Ltd were locked in a 5 per cent upper circuit to Rs 511.90 per share from its previous closing of Rs 487.55. The stock’s 52-week high is Rs 657.75 and its 52-week low is Rs 207. The shares of the company saw a spurt in volume by more than 1.03 times on BSE. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.
Ahasolar Technologies Limited has secured three new contracts. Here are the details: -
First, they have been awarded a consultancy contract worth approximately Rs 29 lakh by Hindustan Petroleum Corporation Limited. This contract involves project management and site supervision services for solar plants in Gujarat.
Second, Ahasolar has received a consultancy contract valued at around Rs 8 crore from the Gujarat Energy Development Agency (GEDA). This project entails conducting feasibility studies and site surveys for solar rooftop systems on government buildings within the state.
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Lastly, the company has been contracted by Goa Coastal and Environment Management Society (GC&EMS) to develop a Unified Single Window Portal on a SaaS model. This development contract is estimated to be worth around Rs 8 crores and will span five years.
Ahasolar Technologies Limited is engaged in the business of cleantech enabling energy transition through digital transformation. The company has a market capitalization of over Rs 150 crore and is currently debt-free. The stock gave multibagger returns of 147.3 per cent from its 52-week low of Rs 207 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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