Heavy Buying Alert: Solar Multibagger Penny Stock Under Rs 50 Locked in 10 Per Cent Upper Circuit on September 11
From Rs 21.37 (52-week low) to Rs 45.84 per share, the stock gave multibagger returns of 114.5 per cent and a whopping 640 per cent in 5 years.
On Wednesday, one of the Top Gainers on BSE, shares Surana Solar Ltd is locked in 10 per cent upper circuit to Rs 45.84 per share from its previous closing of Rs 41.68 per share. The stock’s 52-week high is Rs 48.01 and its 52-week low of Rs 21.37. The shares of the company saw a spurt in volume by more than 1.50 times on BSE with an intraday high of Rs 45.84 and an intraday low of Rs 41.81.
Surana Solar Ltd (SSL), incorporated in 2006, is a prominent player in the solar energy industry, engaged in manufacturing solar photovoltaic modules, generating wind and solar power, and trading solar-related products. As a part of the Surana Group, SSL specializes in EPC of power projects on a turnkey basis, offering grid-connected and grid-off photovoltaic power plants. With its expertise in engineering, procurement, and construction, SSL undertakes projects ranging from 1 MW to 15 MW.
SSL's product portfolio includes solar photovoltaic modules, solar lighting systems, and solar lanterns. The company's manufacturing facilities in Hyderabad have a total module manufacturing capacity of 80 MW. In addition to its solar business, SSL also has a wind power division with an installed capacity of 1.65 MW. The company's revenue primarily comes from the sale of solar products. SSL has been actively participating in government and non-government tenders, securing EPC contracts and undertaking solar rooftop projects. With its ongoing expansion plans, including a proposed 25 MW module manufacturing plant and multiple solar power generation projects, SSL is poised to further strengthen its position in the renewable energy market.
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Surana Solar Limited has secured a significant order worth Rs. 4.25 crores from Flic Microwaves Private Limited for the supply of defence-related electronics components. This order aligns with Surana Solar's commitment to providing innovative solutions to critical industries and strengthens its position in the defence sector. Importantly, there are no related party transactions involved in this order, ensuring transparency and adherence to corporate governance standards.
From Rs 21.37 (52-week low) to Rs 45.84 per share, the stock gave multibagger returns of 114.5 per cent and a whopping 640 per cent in 5 years. Investors should keep an eye on these Penny Stocks.
Disclaimer: The article is for informational purposes only and not investment advice.
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