Over the last three years, the company has shown robust growth, with revenue up 38 per cent annually, operating margins consistently above 40 per cent, and PAT margins above 30 per cent.

DIIs have increased their stake in the company in Q4 FY24, while the President of India holds a 74 per cent stake in the company.

From Rs 2.15 per share to Rs 55.05 per share, the stock gave multibagger returns of over 2,400 per cent in 3 years.

The management's main focus is now towards AI-led income generation, and in FY24, income from AI grew by 2.6 times.

Today, shares of Deep Energy Resources Ltd trading at Rs 190 per share up by 3.55 per cent. The stock’s 52-week high is Rs 237 and its 52-week low is Rs 109.

The company is engaged in the power generation, transmission and distribution business. It is a distribution licensee in Ahmedabad, Gandhinagar, Surat, Dahej SEZ, Dholera SIR, Dadra, Nagar Haveli, Daman and Diu and the distribution franchisee for Bhiwandi, Agra and SMK (Shil, Mumbra, Kalwa).

The company reported strong quarterly results in Q3FY24 with revenue surging 57.7 per cent year-on-year to Rs 495.6 crore. Profit after tax (PAT) witnessed an even sharper rise of 301.8 per cent YoY to Rs 45.2 crore, pushing the PAT margin to a healthy 9.1 per cent compared to 3.6 per cent in the same quarter last year. Exports also showed positive signs, reaching Rs 62.2 crore in Q3FY24.

The company's share in the project is 70 per cent, amounting to around Rs 931 crore   

Shares have already provided multibagger returns of over 100 per cent to investors in the last three months!

Shares of the company gained more than 150 per cent in the six months.