400 per cent Multibagger Returns in Just 6 Months: This Solar Company Secures Order Worth Rs 13,19,00,000 for 4 MWp Solar Power Project!
The company’s shares have delivered an impressive return of over 230 per cent in just 3 months.
Incorporated in 2013, Oriana Power Limited engages in two primary business verticals: providing EPC services and operating solar power projects and offering solar energy solutions on a BOOT (build, own, operate, transfer) basis.
Oriana Power Limited has secured a significant contract valued at Rs 13.19 crore for a 4 MWp solar power project from the Cement Industry Ground Mounted project. Under the EPC segment, the company will execute and deliver the project as per the agreed terms. The completion of the projects is slated for the financial year 2024-25.
Share Performance:
Currently, Oriana Power Limited shares are trading at around Rs 2590 per share while writing the article. The company’s current market capitalization stands at Rs 4968.29 crore. The stock has delivered a multibagger return of over 400 per cent in just 6 months only.
Financial performance:
According to the Quarterly Results, in Q4 FY24, Oriana Power Limited reported a revenue of Rs 319 crore and an operating profit of Rs 69 crore. The operating profit margin for the quarter stands at 22 per cent. The company’s net profit stood at Rs 49 crore. In FY24, the company reported a revenue of Rs 383 crore compared to Rs 136 crore and a net profit of Rs 54 crore, compared to a profit of Rs 11 crore in the previous year.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.