- By Aditya Pratap Singh
- Tue, 28 Nov 2023 06:17 PM (IST)
- Source:JND
Very often we see one positive news that brings a decent growth in any particular stock for a while. The same has happened with smallcap stock KPI Green Energy. After KPI Green Energy's subsidiary company got orders for a new solar energy plant, its shares rose over 4% to hit a new 52-week high of Rs 1,264.9 in early trade on BSE.
KPI Green Energy Stock returns in five years
After early gains, the stock closed at around Rs 1,215.20 (3:30 Pm) on the BSE. Meanwhile, The shares of KPI Green Energy have given multi-bagger returns to its investors. The stock has gained over 1150% in the last three years, while it has gained around 166% in the last 12 months. The Stock has given around 48% return in the last 30 days.
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The company gets fresh order
In a filing to exchanges, KPI Green Energy said, "Fresh order of 4.66 MW to Sun Drops Energia Pvt Ltd, a wholly-owned subsidiary of the company, to execute solar energy projects under the company's 'Captive Power Producer (CPP)' segment".
The company said the projects are scheduled to be completed in various phases in the financial year 2024-25. The firm said that with the addition of this order, the cumulative solar power project orders under the CPP segment have crossed 143+ MW.