Upper Circuit Back-To-Back, 170 per cent Multibagger Returns in Three Months, and Strong Buying Activity Observed in the Stock!
The stock has hit back-to-back upper circuits for the last five trading sessions as well as reaching new 52-week highs during the same period.
On Friday, the shares of Insolation Energy Limited experienced a substantial surge. The stock began trading at Rs 342.35, marking a 5 per cent increase compared to the previous day's closing price of Rs 326.05. During the intraday session, the stock exhibited an impressive 5 per cent surge accompanied by significant trading volume. Finally, the shares concluded the day at Rs 342.35 each on the BSE.
Also, read: Mukul Agarwal's portfolio stock bagged new order
Observing the historical data, the stock has hit back-to-back upper circuits for the last five trading sessions, including Friday, and reached new 52-week highs during the same period.
The stock's 52-week high and low are Rs 342.35 and Rs 72.55, respectively. With a market capitalization of Rs 713 crore, the stock has showcased outstanding performance in recent periods, delivering a remarkable 34 per cent return in just one week and an impressive 168 per cent return in the past three months.
DSIJ’s ‘Flash News Investment' weekly Newsletter recommends profit-making ideas for you based on fundamental and technical analysis. If this interests you, do download the service details here.
Financial Performance
In FY23, the company's revenue from operations experienced a 29.76 per cent YoY increase, rising from Rs 215 crore to Rs 279 crore. The operating profit of the company grew from Rs 14 crore to Rs 18 crore, with an operating profit margin of 7 per cent.
The net profit of the company amounted to Rs 11 crore in FY23, compared to Rs 7 crore in FY22, with net profit margins standing at 4 per cent.
The company's return on capital employed (ROCE) and return on equity (ROE) are at 31 per cent and 48 per cent, respectively. The book value of the company is Rs 25, indicating that the stock is trading at a price-to-book value of 13.7 times in the market, while the price-to-earnings ratio is 67 times.
Business Overview:
Incorporated in 2015, Insolation Energy Ltd is engaged in manufacturing high-efficiency solar panels and modules of various sizes. The company's 200 MW SPV Module manufacturing unit is in Jaipur, spread over an area of more than 60,000 square feet, and equipped with the latest machinery.
Disclaimer: This article is for informational purposes only and not investment advice.