Penny Stock Under Rs 25: Multibagger Wind & Solar Stock Hits Upper Circuit Today – Government Hold Stake in the Company!
The company’s shares have delivered a multibagger return of over 90 per cent to its shareholders in just 1 year.
Incorporated in 1984, Surana Telecom and Power Ltd is engaged in the manufacturing and trading of solar-related products, as well as the generation of solar and wind power. The company is part of the Surana Group. It initially manufactured petro products, such as petroleum jelly, and telecom products, including jointing kits. STPL later expanded into the telecommunications sector, producing jelly-filled telephone cables and entering the power sector.
At the start of the day's trading session, shares of Surana Telecom and Power Ltd opened at Rs 23 per share, compared to the previous day's closing figure of Rs 22.21 per share on the BSE. Today, the shares are closed at Rs 23.32 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 316.59 crore. Additionally, the company’s shares have delivered an impressive return of over 90 per cent in just 1 month.
As per the Quarterly Results, in the Q1 FY25, Surana Telecom and Power Ltd recorded a revenue of Rs 4.38 crore compared to Rs 7 crore. The operating profit stood at Rs 1.63 crore. The net profit stood at Rs 1.81 crore compared to a profit of Rs 1.70 crore. Looking at the annual performance, the company generated a revenue of Rs 25.28 crore in FY24. The operating profit for FY24 was Rs 27.75 crore with a net profit of Rs 8.06 crore compared to a net profit of Rs 4.32 crore in FY23.
According to the company's shareholding pattern, the promoters hold a significant 71.07 per cent stake. Public investors own 28.74 per cent of the shares, while FIIs & DIIs hold 0.05 per cent and 0.04 per cent stakes respectively. Furthermore, Government owns a 0.09 per cent stake in the company.
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Investors must keep this micro-cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.