This multibagger solar energy stock gives 1800% return in last 3 years – News18

In the stock market, a number of entities give huge returns to traders and these are referred to as multibagger shares. Investors usually search these multibagger shares to take advantage of out of their funding. Recently, the renewable energy sector is below the radar of traders and market analysts as a number of listed firms in the sector have given vital returns to traders. KP Energy Limited, a number one participant in solar and wind energy infrastructure options, has delivered exceptional returns to each lengthy-time period and brief-time period traders.

The stock closed 2.08% greater on Monday at Rs 549.55 apiece on BSE persevering with its gaining streak for the second consecutive day. On Friday, the stock closed at 538.35 per share on BSE with a 5% achieve.

Over the last three years, the KP Energy shares have surged manifold giving an enormous return of almost 1,800% to traders. Shares of the corporate have witnessed a surge of over 189% in the last six months rising from a degree of Rs 191.95 on May 2. The stock has gained over 200% this yr to this point and 192.16% in the last one yr.

The firm has a market capitalisation of Rs 1,221 crore.

Considering the present value ranges, Rs 1 lakh funding in KP Green Energy three years in the past would have changed into almost Rs 19 lakh as we speak. KP Energy’s share value stood at Rs 29 apiece on October 30, 2020, and it has now risen to Rs 549.55 apiece. If an investor had invested Rs 1,00,000, buying about 3,448 shares of this multibagger stock three years in the past and held onto the funding, it could have grown into Rs 18,95,000 as of as we speak.

KP Energy Limited is a number one participant in India in the renewable energy sector. The firm offers infrastructure options for solar and wind energy tasks. The firm, a subsidiary of KP Group, was based in 2010. It is predicated in Surat, Gujarat.