KPI Green Energy, a big company in the solar energy sector, has received a big order, due to which its shares witnessed a spectacular rise on Tuesday. Shares of the company closed at the upper circuit of Rs 818.20, up 5% on BSE. This jump has come after the company got an order worth Rs 1311 crore.
The company got the biggest order
KPI Green Energy got Rs 300 crore from Coal India. The largest order ever received for the construction of MW AC ground mounted solar PV plant. This project will be established in Khavda Solar Park in Gujarat. Under this, operation and maintenance (O&M) services are also included for 5 years. The company said that this project will be completed on Engineering, Procurement and Construction (EPC) basis.
Return of 8911% in four years
KPI Green Energy’s performance has been excellent for investors. On December 10, 2020, the company’s share was only Rs 9.08, while on December 3, 2024 it reached Rs 818.20. The stock has increased by 8911% in the last four years. In the last three years, it witnessed a growth of 1687% and it increased from Rs 45 to Rs 800. The stock has jumped 106% in the last one year.
Bonus and Stock Split
The company has given bonus to its investors twice due to better performance. Shares have also been given. Bonus shares were issued in January 2023 in the ratio of 1:1. After this, bonus shares were given in the ratio of 1:2 in February 2024. Apart from this, the company had also announced stock split in July 2024.
How was the performance on Monday?
Shares of KPI Green Energy on Monday Closed at Rs 779 with a slight fall. However, a year ago this share was below Rs 400. On August 12, 2024, the stock had touched its 52-week high of Rs 1116. If we talk about 52 weeks low, it was Rs 375. Currently, the stock is down almost 30% from its high.
This order from KPI Green Energy and the increasing demand in solar energy could put it in a strong position in the future. Considering the company’s record and growth prospects, this stock remains an attractive option for investors.
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