Energy Stock Hits 52-Week High; Record Date For 1:4 Bonus Shares Allotment Fixed

Small cap company engaged in power generation sector, Ujaas Energy Limited shares today hit fresh 52-week high. Current market price of Ujaas Energy Limited shares on BSE is Rs 559.25 per share. Ujaas Energy shares also hit upper circuit today. The company has a market capitalisation of Rs 5,888.97 crore. Ujaas Energy shares offered stunning returns of 24,866% year-to-date. The company has already fixed September 20, 2024 as the record date for allotment of bonus shares. Earlier this month, trading in Ujaas was restricted on account of IBC/ recommencement post IBC. Check relevant details below:

Ujaas Energy Fixes Record Date For Bonus Share Allotment: According to the BSE filing of Ujaas issued as on September 7, 2024, "With reference to the captioned subject, we hereby inform that the Board of Directors of the Company at its meeting held today i.e; 07th September, 2024 (commenced at 03:00 P.M. and concluded at 07:40 P.M.) have inter alia, considered and approved the allotment of bonus shares and has also approved Friday 20th September, 2024 as record date for allotment of bonus shares."

Ujaas Energy Share Performance: The 52-week high price of Ujaas Energy share on BSE is Rs 559.25 per share (as on 16/09/2024) and 52-week low price is Rs 2.05 per share (as on 01/11/2023), respectively. Ujaas Energy Limited shares offered return of 152% in last 3-months, gained 23299% in last 1-year, and rallied 16494% in last 2-years.

Board Gave Nod For Fundraise: Earlier this year on July 15, Board of Ujaas Energy gave nod for the proposal of fundraise of up to Rs 500 crore through qualified institutional placement, follow-on public offer, global depository receipts or rights issues.

Ujaas Energy Financials: The company for the quarter ended June 2024 declared its net sales at Rs 6.29 crore, down 12.46% as against Rs 7.18 crore declared in June 2023. The company declared its quarterly net profit at Rs 3.82 crore for the June 2024 quarter, up 165.14% as compared to Rs 5.86 crore announced in the corresponding quarter of last year. EBITDA of Ujaas for the quarter under review stood at Rs. 4.98 crore, up 25000% from Rs. 0.02 crore declared in June 2023. Ujaas Energy EPS zoomed to Re 0.36 in June 2024 from Re 0.29 in June 2023

About: Ujaas Energy Limited is the first company to generate & sell Solar REC in the country from its solar power plant of 2 MW commissioned in March 2012 at Rajgarh (Madhya Pradesh). It has been working in the field of engineering from more than three decades. It began its journey in 1979 at the business capital of Madhya Pradesh- Indore under the proprietorship named "M and B Switchgears". The company during its initial years was involved in manufacturing of transformers and panel meters for energy controlling. Currently, besides the transformer industry, Ujaas Energy Limited is contributing towards green energy. It has launched several new products and solutions for producing clean energy. The company aims at becoming the pioneer in "Generation of Green Energy", according to its official website.

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