Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; bags new order for Wind Energy Project!

Shares of the company have gained about 180 per cent in the last one year.

Shares of K.P. 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. In the last six months, the stock has gained about 200 per cent.

Recently, KP Energy has been awarded a contract to develop a 464.10 MW Balance of System Package for an Inter-State Transmission System (ISTS) Connected Wind Energy Project in Gujarat. The contract includes engineering, procurement, construction, and commissioning (EPCC) services, as well as operation and maintenance for three years.

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KP Energy Limited is a balance of plant solution provider for the Wind Energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project. The company undertakes projects principally in Gujarat.

The company posted robust Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 112.99 crore which declined by 9.29 per cent YoY. The operating profit of the company stood at Rs 21.39 crore, while the PAT of the company stood at Rs 15.52 crore, representing a growth of 51.16 per cent YoY. The company has delivered multibagger returns of over 1450 per cent in the last three years and about 180 per cent return in the last one year.

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.