{"id":91619,"date":"2023-02-22T13:30:00","date_gmt":"2023-02-22T08:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=91619"},"modified":"2023-02-22T13:07:31","modified_gmt":"2023-02-22T07:37:31","slug":"multibagger-stock-hits-10-upper-circuit-jumps-62-in-5-days","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-hits-10-upper-circuit-jumps-62-in-5-days\/","title":{"rendered":"Multibagger stock hits 10% upper circuit, jumps 62% in 5 days\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-99606965\"><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>EKI Energy Services\u2019 shares gained a sharp recovery after the company\u2019s share price reached a 52-week low of \u20b9 511.95 apiece on 17 February 2023. Its shares are currently locked in a 10% upper circuit at \u20b9 832.70 apiece on the bourses. This indicates that they have gained 62.65% in the past five days.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4094570777\"><!-- 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>Investors cheered as the Union Environment Ministry on Friday, published a list of activities that may be taken into account for trading of carbon credits on a global market, in accordance with Article 6.2 of the Paris Agreement. These activities include Greenhouse Gas (GHG) mitigation activities, alternate materials, and removal activities.&nbsp;<\/p><p>&#8220;These activities will facilitate adoption\/transfer of emerging technologies and may be used to mobilise international finance in India,&#8221; said the Government of India.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543284\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">EKI Energy Services Ltd.<\/a><\/strong> is a leading Carbon Credit Developer &amp; Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra &#8211; a global accreditation standard located in Washington, USA.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-9884429\"><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>The company is listed on the Bombay Stock Exchange and has given multibagger returns to its investors in the past. Its shares got listed in 2021, and since then, its share price has increased from \u20b9 40.51 to \u20b9 832.70, giving multibagger returns of 1955.54%. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares two years ago, the value of their holdings would have been \u20b9 20.55 lakhs today.&nbsp;<\/p><p>However, it is important to note that its share price has fallen by 57.68% in the past year. Its unadjusted share price reached an all-time high of \u20b9 12599.95 apiece on 24th January 2022 and its all-time low was on 07 April 2021, at \u20b9 140 apiece.&nbsp;<\/p><p>The carbon credit developer\u2019s share price declined sharply last week as its new auditor raised concerns over its financial statements. Walker Chandiok &amp; Co allegedly cited non-compliance with accounting standards and revenue recognition norms. EKI Energy, however, refuted the allegations.&nbsp;<\/p><p>EKI Energy has a market capitalization of \u20b9 2,082 crores. It has an excellent return on equity of 176.46% and an ideal debt-to-equity ratio of 0.01%. Its shares were trading at a price-to-book value of 5.08.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/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-1796306274\"><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>EKI Energy Services\u2019 shares gained a sharp recovery after the company\u2019s share price reached a 52-week low of \u20b9 511.95 apiece on 17 February 2023. Its shares are currently locked in a 10% upper circuit at \u20b9 832.70 apiece on the bourses. This indicates that they have gained 62.65% in the past five days.&nbsp; Investors [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69892,"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":[2657,6108,6110,6111,6109,2658,3872,3913,3912,2838,3770,2843,5575,948,936,3153,3157,2597],"class_list":["post-91619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-eki-energy","tag-eki-energy-services","tag-eki-energy-services-q3-results","tag-eki-energy-services-results-2023","tag-eki-energy-services-share-price","tag-eki-energy-share-price","tag-multibagger-stock-india","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2023","tag-multibagger-stocks-india","tag-multibagger-stocks-to-buy-in-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock hits 10% upper circuit, jumps 62% in 5 days\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Investors cheered as the Union Environment Ministry on Friday, published a list of activities that may be taken into account for trading of carbon credits on a global market, in accordance with Article 6.2 of the Paris Agreement. 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