This Company Stock With Speciality In Carbon Credits Zooms 6267% In Just 10 Months

The year has been a year of multibaggers and this small cap diversified concern too has rocked with massive gains. The firm-EKI Energy Services made its debut on the SME platform of the BSE to mop between Rs. 18.24-18.60 crore. The 52-week high price of the stock has been Rs. 12599.95 and last amid the correction, the stock price has come down to current levels of Rs. 9360, surging 6267% in just 10 months.

Company financials

The company's revenue from operations have been at Rs. 687.82 crore. Also, the profit at the company doubled to Rs. 161.21 crore. In the previous September quarter, the figure has been at Rs. 81.25 crore.

Why the rally in the sharp price of EKI Energy Services?

The fortunes of the company changed after Joe Biden took charge as the US President and revoked the decision taken by Donald Trump who disengaged from the 2015 Paris Agreement and instead committed to stay by the Paris Agreement climate targets. This fuelled rally in most corporations across the globes to commit to climate goals and which thereby pushed carbon credit prices to surge.

About the company

EnKing International or EKI Energy Services as per the company's Linkedin profile is a holistic service provider having specialization in Carbon Credits Project Management, Carbon Credits Trading, ISO Management Standards Implementation & Audits, serving 1000+ National & International clients. Services By EnKing International: ● GHG Program (CDM, VCS, GS & IREC) Advisory Services ● Carbon Credits Trading Services ● Carbon Footprinting Services ● Carbon Neutrality Services ● ISO Standard Implementation Advisory Services ● ISO Training ● ISO Maintenance ● ISO Documentation ● ISO Online Advisory Services ● Audits - Energy Audit, Power Quality Audit and Electrical Safety Audit

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