Stocks from this Gujarat-based business group outperform Tata group stocks, surging over 500 per cent, both turned multibagger- Check if you hold them!

Bolstered by favorable winds in the renewable energy sector, the combined market capitalization of Group listed companies has surpassed Rs 13,000 crore.

During the past week, Tata Group stocks surged on D-Street, with several reaching new highs on the bourses. Notably, Tata Investment Corporation saw hitting back-to-back upper circuit, emerging as a standout performer with multibagger status year-to-date. The rally was ignited by reports suggesting Tata Sons, the conglomerate's holding entity, is mulling a monumental initial public offering (IPO) to raise approximately Rs 55,000 crore. Anticipation for this IPO, poised to be the largest in Indian stock market history, fueled heavy buying in stocks with significant holdings in Tata Sons.

While the Tata Group enjoyed a fairy tale run, another group of stocks skyrocketed - the KP Group. Established by Dr. Faruk G. Patel in 1994, KP Group has evolved into a prominent entity in Gujarat, initially focusing on logistics services before diversifying into telecom infrastructure and, more recently, renewable energy sectors such as solar, wind, and hybrid power. Over its 29+ years of operation, the group has expanded significantly, diversifying into fabrication, galvanizing, and telecom infrastructure, achieving remarkable growth in the past decade.

KP Group has played a significant role in India's green energy transition, delivering over a gigawatt in solar, wind, and hybrid energy, and now venturing into green hydrogen and ammonia. Notably, KPI Green Energy and KP Energy, both stocks of KP Group, have witnessed extraordinary returns, with KPI Green Energy delivering over 500 per cent and KP Energy over 650 per cent returns. Bolstered by favorable winds in the renewable energy sector, the combined market capitalization of KP Group's listed companies has surpassed Rs 13,000 crore.

While acknowledging the remarkable performance of KP Group, it's essential to recognize Tata Group's historical contributions to nation-building and wealth creation for investors.

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

1 comments on article "Stocks from this Gujarat-based business group outperform Tata group stocks, surging over 500 per cent, both turned multibagger- Check if you hold them!"

Garlanka bhima sankar

Interested on equity investme

3/9/2024 2:53 PM

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