Dark Horse Stock of the Day: This Solar Power Project Stock Rallies 10 per cent with Heavy Volume, Hits Upper Circuit, Gains Over 500 per cent in Just 6 Months!

The shares of the company have delivered a return of over 500 per cent to its shareholders.

This Small-Cap finance company, incorporated in 2013, operates in two primary business sectors: providing EPC services and managing solar power projects, as well as offering solar energy solutions through a BOOT (build, own, operate, transfer) model. It specializes in low-carbon energy solutions, including on-site solar project installations such as rooftop and ground-mounted systems, as well as off-site solar farms utilizing open access.  Today the company experienced a significant surge in its share price. 

At the start of the day's trading session, the share of Oriana Power opened at Rs 2588 per share, compared to the previous day's closing figure of Rs 2411.65 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 2652.80 per share on the NSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Oriana Power stands at Rs 5088 crore, and the stock has generated an impressive multibagger return of around 525 per cent in just 6 months only. 

Stock Price Chart (Weekly) 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 319 crore. The operating profit for Q4 FY24 stood at Rs 69 crore, resulting in an operating profit margin of 22 per cent. The net profit for Q4 FY24 was Rs 49 crore. Looking at the annual performance, the company generated a revenue of Rs 383 crore in FY24, compared to Rs 136 crore in FY23. The operating profit for FY24 was Rs 81 crore, with a net profit of Rs 54 crore.

Regarding the shareholding pattern, the promoters own 61.41 per cent of the company, while FIIs and DIIs collectively hold 1.17 per cent and 1.94 per cent, respectively. Public or retail investors hold the remaining 35.48 per cent.

Investors must keep this small-cap multibagger stock on their radar.

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