In Tuesday's trading session, the stock of KPI Green Energy surged, hitting the upper circuit of 5% at Rs 1,824.50 per share on the BSE. Over the past three years, shares of this green energy company have seen an astounding multi-bagger return of 10,243%. To put it in perspective, an investment of Rs 1,00,000 (or Rs 1 lakh) made in KPI Green Energy three years ago would now be worth Rs 1,02,43,000 (or Rs 1.02 crore), reflecting an impressive profit.

Over the past 90 days, KPI Green Energy's shares have recorded a remarkable 90% return, currently surpassing its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day exponential moving averages (EMAs). Typically, the 5-day, 10-day, and 20-day EMAs are utilized to detect short-term trend shifts, whereas the remaining EMAs serve as indicators for longer-term trends.

Following a consolidation phase lasting two months after reaching its all-time high of Rs 1,895.95 on February 26, 2024, shares of this Gujarat-based green energy company have recently witnessed consecutive upper circuit movements in the last two sessions. This surge has propelled the company's stock closer to its previous peak levels.

Company Profile

Established in 2008, KPI Green Energy Ltd, a subsidiary of KP Group, specializes in the development, construction, ownership, management, and maintenance of renewable energy facilities, including solar and wind-solar hybrid power projects. Operating as an Independent Power Producer (IPP) and offering services to Captive Power Producers (CPPs), the company operates under the brand name 'Solarism'.

Company Fundamentals

·       Market Cap ₹ 10,622 Cr.

·       Current Price ₹ 1,762

·       High / Low ₹ 1,896 / 286

·       Stock P/E 70.4

·       Book Value ₹ 53.9

·       Dividend Yield 0.06 %

·       ROCE 24.7 %

·       ROE 53.4 %

·       Face Value ₹ 10.0

(As of 09/04/2024)

Price History

KPI Green Energy is featured in the S&P BSE SmallCap index and currently commands a market capitalization of Rs 10,998.56 crore, based on the prevailing share price.

Over the previous week, its shares appreciated by 8.72%, and over the past two weeks, it surged by 20.5%. Remarkably, in just three months, the stock witnessed a remarkable 90% increase, while over six months, it soared by an impressive 202%, tripling investors' investments. Looking back over one year, the stock delivered a staggering multi-bagger return of 525%, and over the past three years, it achieved an astounding return of 10,243%.

The stock can be bought for a target price of Rs 1,850 and the stop loss, would be around Rs 1,650.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. FINOSTRY suggests its readers/audience to consult their financial advisors before making any money related decisions.)