Multibagger Alert: KPI Global Infrastructure locks at 5 per cent upper circuit, stock doubles in less than two months!
The company successfully migrated the company from BSE SME platform to the Main Board of BSE Limited and also to the Main Board of National Stock Exchange of India Limited (NSE) on July 27, 2021.
Shares of KPI Global Infrastructure have rallied ~38 per cent since the beginning of 2022. The scrip has skyrocketed more than two-fold, from trading at Rs 225 in the last week of November 2021, to record a fresh 52-week high of Rs 476.70 in the previous week. Over the last one year, the stock has furnished returns of ~256 per cent.
KP Group was founded by Farukbhai Gulambhai Patel in 1994 which is a well-recognized group of Gujarat. What started as a logistics service provider in 1994 is now a group with a combined turnover of over Rs 2 billion.
KPI Global Infrastructure Ltd (KPI) is a multi-dimensional solar energy player, with an interest in power generation both as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name of 'Solarism'. The company has a 64.5 MW cumulative capacity energised under their IPP segment and a 27.6 MW cumulative capacity energised under their CPP segment.
Here are some highlights of the company’s journey until FY22:
- Successfully migrated the company from BSE SME platform to the Main Board of BSE Limited and also to the Main Board of National Stock Exchange of India Limited (NSE) on July 27, 2021.
- Bagged largest orders of 16 MW solar power plant under CPP and signed PPA for 6 MW under IPP in Q2FY22.
- Completed single 12.5MW CPP project in a record time of 4 months despite extensive and extended monsoon.
- Bagged highest CPP orders of 28 MW solar power plant in Q3FY22.
The company has recently informed the exchange that it has received a new repeat order for executing a solar power project of 2 MWdc capacity from M/s Shabnam Petrofils Private Limited, Surat under the 'Captive Power Producer (CPP)' segment of the company. Hence, today the stock is locked at a 5 per cent upper circuit of Rs 451.65 on NSE.
Keep a close eye on this counter for more action!