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Received New Solar Power Project, This Green Energy Stock Gains 71% In 1 Month: Buy?

KPI Green Energy Ltd. is a small-cap industrial equipment company that has a market capitalization of 1,392 crore. According to the company, it has received an order from Nouveau Diamonds Manufacturing India in order to execute a solar power project of 23.60 MWdc capacity. So, its share price is gaining at the present moment. Investors can watch this stock for investment.

India is trying to strengthen its renewable energy field and plans to achieve 100GW solar power by 2022. So, KPI Green Energy Ltd. is benefiting from this decision.

Received New Solar Power Project, This Green Energy Stock Gains 71% In 1 Month

KPI Green Energy Ltd. - NSE market tracking

The current market price of KPI Green Energy Ltd. stood at Rs. 3,060/share on NSE, gaining by 6.02%, till last traded. In the last 5 days, the share price of this company has gained by 15.47% on NSE, and in the last 1 month, its share price has gained by 71.49%. In the past 6 months, its stock price has surged by 45.83%. Additionally, in the last 5 years, it has risen by 46.78%. The stock has surged in the market consistently both in the long term and short term.

The 52-week high level of this stock is Rs. 783.00, and the 52-week low level of this stock is Rs. 383.05.

Market capitalizationCurrent market price1 Month performance6 Months performance
Rs. 1,392 croreRs. 3,06071.49%45.83%


About the company: performances

According to data available with NSE, in Q4 FY22, the company's Total Income stood at Rs. 7,109.55 lakh, as against Rs. 5,801.11 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 1,767.19 lakh, as against Rs. 1,631.31 lakh in Q3 FY22. Additionally, its Net Profit stood at Rs. 1,217.05 lakh, as against Rs. 1,251.84 lakh in the earlier quarter. The company is offering a 0.40% dividend yield.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.

Story first published: Wednesday, July 6, 2022, 23:28 [IST]
Read more about: stocks to buy shares to buy

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