Heavy buying and 4,500 per cent returns: Back-to-back upper circuit in this multibagger solar stock; bags new order for 28.40 MW solar power projects!

Shares of the company gained more than 50 per cent in the last six months.

Shares of KPI Green Energy Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The stock has gained more than 50 per cent in the last six months.

Recently, KPI Green Energy Limited's wholly owned subsidiary, Sun Drops Energia Private Limited, has secured Letters of Intent for 28.40 MW of solar power projects under the captive power producer (CPP) segment. The projects will be executed for various clients across different sectors, including textiles, glass, and others. The projects are scheduled for completion within the current financial year. This development underscores the company's strong position in the solar power sector and its commitment to providing clean energy solutions to its clients.

KPI Green Energy Limited is engaged in solar power generation. It provides solar power, both as an independent power producer (IPP) and as a service provider (EPC contractor) to CPP customers. The current operational IPP capacity of the company under the third-party open access route is 104 MW including the recently developed hybrid capacity of 30.2 MW in Bhavnagar and Bharuch districts of Gujarat. Also, there are installed IPP capacities of 25 MW and 8 MW under the subsidiaries, KPIGEPL and SDEPL, respectively. The shares of KPI Green Energy Limited have also delivered multibagger returns of over 4,500 per cent in the last three years.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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