Sunday, May 26, 2024
Technology

Remarkable multibagger; Solar energy stock surges 1800% in the past 3 years.

In the realm of stock market investing, multibagger stocks are highly sought after by investors looking to maximize their returns. Currently, the renewable energy sector is capturing the attention of both investors and market analysts, with numerous listed companies in the field delivering impressive gains. One such standout performer is KP Energy Limited, a prominent player in the solar and wind energy infrastructure solutions market, which has consistently provided substantial returns to both short-term and long-term investors.

As of Monday, the stock closed 2.08% higher at Rs 549.55 per share on the BSE, extending its winning streak for the second consecutive day. Notably, on the preceding Friday, the stock closed at Rs 538.35 per share on the BSE, marking a 5% increase.

Over the past three years, KP Energy shares have seen an exponential surge, resulting in an astounding 1,800% return for investors. In the last six months alone, the company’s shares have surged by over 189%, rising from Rs 191.95 on May 2. Furthermore, the stock has exhibited remarkable growth of over 200% within the current year and an impressive 192.16% over the last twelve months.
To put this into perspective, considering the current stock price, an investment of Rs 1 lakh in KP Green Energy three years ago would now be valued at nearly Rs 19 lakh. Back on October 30, 2020, KP Energy’s shares were priced at Rs 29 each, and they have since escalated to Rs 549.55 per share. Had an investor purchased roughly 3,448 shares of this multibagger stock with an initial investment of Rs 1,00,000 three years ago and held onto it, that investment would have grown to Rs 18,95,000 as of today.

KP Energy Limited, a significant player in India’s renewable energy sector, specializes in providing infrastructure solutions for solar and wind energy projects. Founded in 2010, the company operates as a subsidiary of the KP Group and is headquartered in Surat, Gujarat.

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