{"id":113567,"date":"2023-11-10T15:59:42","date_gmt":"2023-11-10T10:29:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113567"},"modified":"2023-11-10T15:59:47","modified_gmt":"2023-11-10T10:29:47","slug":"renewable-stock-hits-10-upper-circuit-after-it-receives-an-order-for-solar-power-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/renewable-stock-hits-10-upper-circuit-after-it-receives-an-order-for-solar-power-project\/","title":{"rendered":"Renewable stock hits 10% upper circuit after it receives an order for solar power project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3569709383\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India&#8217;s leading solar energy solutions provider gained 10 percent to hit a 52-week high price of Rs 1,057.2 after receiving a new order for a 1.60 MW Solar Power Plant.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-878225339\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KPIGREEN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">KPI Green Energy<\/a><\/strong> shares have delivered multibagger returns of 119.11 percent in the last six months and 134.10 percent in a year to date.\u00a0For example, if you had invested Rs 1 Lakh six months ago in KPI Green Energy it would have been worth Rs 2.19 Lakhs today.\u00a0<\/p><p>KPI Green Energy received a new order of 1.60 MW for executing a solar power project received by M\/s. Sun Drops Energia Private Limited, which is a fully owned subsidiary of the company under the \u2018Captive Power Producer (CPP)\u2019 Segment of the Company.&nbsp;<\/p><p>The cumulative orders of solar power projects of the company have crossed 139+ MW under the Captive Power Producer (CPP) segment of the Company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4215907260\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to the company&#8217;s exchange filing, the net revenue of the company rose 34.5 percent year on year from Rs 159.8 crores in Q2FY23 to Rs 215 crores in Q2FY24. Also, the net profit rose 64.4 percent year on year from Rs 21.1 crores Q2FY23 to Rs 64.4 crores Q2FY24.&nbsp;<\/p><p>According to the recent shareholding pattern, the company promoters hold a 54.83 percent stake in the company, while Foreign Institutional Investors hold a 1.86 percent stake. domestic institutional investors hold 2.39, and the remaining lies with the public.&nbsp;<\/p><p>KPI Green Energy Limited was incorporated in February 2008, It is a Gujarat-based solar and hybrid power-generating company. The company focused on providing solar and hybrid power through different Business verticals. The Company develops, builds, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name &#8216;Solarism&#8217;.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-695662837\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India&#8217;s leading solar energy solutions provider gained 10 percent to hit a 52-week high price of Rs 1,057.2 after receiving a new order for a 1.60 MW Solar Power Plant.&nbsp; KPI Green Energy shares have delivered multibagger returns of 119.11 percent in the last six months and 134.10 percent in a year [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10561,10563,10560,948,936,10562],"class_list":["post-113567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-kpi-green-energy-latest-news","tag-kpi-green-energy-latest-order","tag-kpi-green-energy-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-kpi-green-energy-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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