Multibagger stocks: 2756% return in 3 years, this stock made investors millionaires, today there is a boom again – kpi green energy stock surged 2756 percent in last 3 years
[ad_1]
From a technical point of view, the 200-day moving average (DMA) of the stock stood at Rs 593.74 as on August 25. While the 50-DMA was at Rs 795.04. The current price of the share is Rs 914.85. In a recent crossover, the 50-DMA crossed the 200-DMA, indicating a strong and sustained long-term upward move.
This can be a good option for those looking to invest in small-cap power generation stocks. This company was established in the year 2008. KPI Green Energy Limited specializes in solar power generation.
The company has received the Commissioning Certificate for Wind-Solar Hybrid Power Project by Gujarat Energy Development Agency (GEDA). The total capacity of the project is 4.10MW, which consists of 2.10MW wind power and 2MWdc solar power.
The project is located at Company owned power generation asset site Samoj, Jambasar, District Bharuch. The initiative comes under the Gujarat Wind-Solar Hybrid Power Policy of 2018. In line with the strategy, the company has effectively arranged for sale of power generated from this hybrid power project to commercial and industrial (C&I) customers.
The company’s income in the first quarter increased by 54.91% to Rs 189 crore as compared to the same period last year. The recently commissioned projects are expected to further add to the company’s revenues, thereby increasing its appeal to investors.
On August 22, 2023, the company had declared an interim dividend of Rs 0.25 per share. This stock has given more than 2756% return in last 3 years. Investors can keep an eye on this stock.
This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)
[ad_2]
Source link
