Debt-Free Solar Stock Bags Order Worth Rs 8,00,00,000 from Gujarat Energy Development Agency; Stocks Hits Upper Circuit Today!
The company’s shares have delivered an impressive multibagger return of over 100 per cent in just 1 year.
Incorporated in 2017, Ahasolar Technologies Limited operates in the CleanTech sector, facilitating the energy transition through digital transformation.
Ahasolar Technologies Limited has bagged a consultancy contract from the Gujarat Energy Development Agency (GEDA) for the feasibility study and site survey of solar rooftop systems on government buildings across Gujarat. The consultancy service is valued at approximately Rs 8 crore and is scheduled for completion within 9 months.
Today Ahasolar Technologies Limited shares closed the day at around Rs 442.25 per share. The company’s current market capitalization stands at Rs 136.31 crore. Additionally, the shares have delivered an impressive multibagger return of over 100 per cent in just 1 year.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in the fourth quarter of FY24, Ahasolar Technologies Limited recorded a revenue of Rs 29.16 crore. The operating profit for Q4 FY24 stood at Rs 0.64 crore. The net profit for Q4 FY24 was Rs 0.81 crore. Looking at the annual performance, the company generated a revenue of Rs 42.04 crore in FY24, compared to Rs 20.87 crore in FY23. The operating loss for FY24 was Rs 0.12 crore with a net profit of Rs 0.04 crore.
The business of Ahasolar Technologies Limited spans across several key segments. Firstly, it specializes in developing software tailored for Solar PV installers and government agencies, facilitating efficient management and operation in the solar energy sector. Secondly, the company offers advisory and technical consultancy services aimed at supporting the development of solar power plants, ensuring optimal project implementation and performance. Additionally, it operates a nationwide marketplace that connects Solar PV installers and manufacturers, playing a significant role in enhancing the solar ecosystem across India.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
Related articles
-
Stock Hits Back-to-Back Upper Circuits After 5:1 Share Split Announced by This Small-Cap Company; Stock Gains Over 400 per cent in Just 1 Year!
-
Rs 3,400 Crore Order Book: Multibagger Power Generation Company Bags Order Worth Rs 348,00,00,000, Stock Gains Over 200 per cent in Just 1 Year!
-
New Order & Upper Circuit Alert: Multibagger Marine and Defence Company Bags Order Worth Rs 20,40,00,000 from L&T Shipbuilding; DIIs Purchased 1,45,932 Shares!
-
AI & Machine Learning and Datacenter Facility Provider Bags 2 Orders Worth Rs 12,00,00,000; Company Reduces Debt by 80 per cent!
-
Under Rs 25: This Microcap Power Stock Rallied and Hits Upper Circuit Today; FIIs Purchased 71,252 shares!