MULTIBAGGER STOCK

KPI Green Energy, a key player in the renewable energy sector, has witnessed a remarkable surge in its stock performance over the last six months.

Functioning in solar power generation, the company operates both as an independent power producer under the 'Solarism' brand and as a service provider to captive power producer clients.

Since November, the company's shares have consistently risen, delivering an impressive return of 209% to date, with the current share price at ₹1,690.

With a current price of ₹1,690 per share, the stock has exhibited a remarkable 510% return over the past year.

The company's substantial order acquisitions have instilled investor confidence and propelled its stock price to unprecedented heights, touching a new all-time high of ₹1,890 per share in February.

India's growing demand for renewable energy solutions presents promising opportunities for companies like KPI Green Energy to expand their market presence and revenue streams.

Initiatives like the PM Surya Ghar: Muft Bijli Yojana are expected to drive further demand for solar power generation across the nation.

KPI Green Energy has entered the hybrid segment of renewable energy, combining solar and wind power for enhanced grid stability and commercial viability.

The company has demonstrated robust financial performance, with a 52% surge in net profit for the nine months of FY 2023–24 compared to the same period last year.

Total revenue for the first nine months of the current fiscal has increased by 59.5%, with consolidated CPP sales and IPP revenue witnessing significant growth.