Multibagger Penny Stock Under Rs 20 In Green After Establishing a State-of-the-Art Solar Power System at Samskara Resort Jaipur
The stock is up by 23 per cent from its 52-week low of Rs 15.47 per share and gave multibagger returns of 500 per cent in 5 years.
On Tuesday, shares of Saboo Sodium Chloro Ltd jumped 5.3 per cent to Rs 18.99 per share from its previous closing of Rs 18.04 per share.
Saboo Sodium Chloro Limited (SSCL) has taken a significant step towards sustainable hospitality by commissioning a 75 kW solar power system at their Samskara Resort & Spa in Jaipur. This state-of-the-art installation, completed within a remarkable 30 days, reflects SSCL's dedication to environmental responsibility and aligns with India's broader push for renewable energy adoption. By integrating this advanced solar technology, the resort aims to drastically reduce its dependence on traditional energy sources, marking a pivotal shift towards eco-conscious operations.
The newly implemented solar system is projected to power a considerable portion of the resort's energy requirements, solidifying Samskara Resort's reputation as a luxury destination that prioritizes sustainability. Beyond the environmental benefits, this initiative is anticipated to generate substantial annual energy cost savings, demonstrating the company's commitment to both ecological preservation and financial efficiency. This move not only enhances the resort's operational resilience but also sets a benchmark for sustainable practices within the hospitality sector.
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About the Company
Saboo Sodium Chloro Ltd, established in 1993, is a diversified conglomerate with a strong focus on salt production and a diverse range of other ventures. The company is a leading manufacturer and seller of salt, offering a variety of products, including Surya Salt, Tota Salt, and Saboo Salt. Beyond salt, Saboo Sodium Chloro Ltd is involved in the production and distribution of spices, guar gum, and renewable energy through wind and solar power projects. Additionally, the company undertakes turnkey projects for salt iodization units and is developing ambitious infrastructure projects like ropeways and luxury hotels and resorts.
The company has a market cap of Rs 77 crore with a 5-year stock price CAGR of 40 per cent. The stock’s 52-week high is Rs 34.72 and its 52-week low is Rs 15.47. The stock is up by 23 per cent from its 52-week low of Rs 15.47 per share and gave multibagger returns of 500 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.