2:1 Stock Split after 1:2 Bonus Shares: Multibagger solar-wind stock bags new orders of 26.15-MW solar power plant under CPP segment!

The stock gave multibagger returns of 400 per cent in just 1 year whereas BSE Sensex Index is up by 20 per cent.

On Thursday, shares of KPI Green Energy Ltd hit a 5 per cent upper circuit to Rs 1,767.50 per share from its previous closing of Rs 1,683.35. The stock’s 52-week high is Rs 2,109.25 and its 52-week low is Rs 353.51. The shares of the company have an ROE of 30 per cent and an ROCE of 22 per cent. The shares of the company saw a spurt in volume by more than 2.41 times on BSE.

KPI Green Energy Ltd, a renewable energy company established in 2008 and part of the KP Group, acts as both an independent power producer (IPP) and a service provider for captive power producers (CPP) under the brand "Solarism." They develop, build, own, and manage solar power plants across Gujarat, offering end-to-end solutions. As an IPP, KPI Green Energy generates solar power and sells it to businesses through Power Purchase Agreements (PPAs). For CPPs, the company design, construct, and maintain grid-connected solar installations on the customer's site, along with providing operation and maintenance services. Additionally, KPI Green Energy even facilitates land acquisition for solar projects by leasing plots from third parties and then developing solar power plants on those sites.

KPI Green Energy Ltd announced that its wholly owned subsidiary, Sun Drops Energia Private Limited, has secured new orders totalling 26.15 MW for developing solar power projects under the Captive Power Producer (CPP) segment. These projects were awarded by 20 domestic entities in the textile industry, including names like Narmada Textile, Swastik Textiles, and RadheShree Textiles. The projects will be completed in phases throughout the financial year 2024-25 according to the terms of the contracts.

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The Board of Directors of the company announced a stock split of equity shares i.e., the existing 1 equity share of the company having a face value of Rs 10 each fully paid-up will be sub-divided/split into 2 equity shares having a face value of Rs 5 each fully paid-up.

Earlier, the shares of the company ex-traded bonus shares wherein the company will issue bonus equity shares of the company in the proportion of 1 equity share of Rs 10 each for every 2 existing equity shares of Rs 10 each as of record date. The ex-date for 1:2 bonus shares was Thursday, February 15, 2024. The new bonus equity shares allotted shall rank pari-passu in all respects with the existing equity shares in the company.

The stock gave multibagger returns of 400 per cent in just 1 year whereas BSE Sensex Index is up by 20 per cent. Furthermore, the stock generated 1,050 per cent returns in 2 years and a whopping 10,000 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.