14,600 Per Cent Returns: Multibagger Stock Hits Upper Circuit As Board Is Likely To Announce Bonus Shares!
The stock gave multibagger returns of 1,963 per cent from its 52-week low of Rs 20.68 per share and a whopping 14,600 per cent in 5 years.
On Wednesday, shares of Ujaas Energy Ltd hit a 5 per cent upper circuit to Rs 426.50 per share from its previous closing of Rs 406.20 per share. The stock’s 52-week high is Rs 709.05 per share and its 52-week low is Rs 20.68 per share. The shares of the company have a PE of 227x and an ROE of 55 per cent.
Ujaas Energy Ltd informed that a Board of Directors meeting will be held on Saturday, April 19, 2025, to consider a proposal for issuing bonus shares to public shareholders to meet MPS requirements under SCRR and LODR regulations. The agenda also includes appointing a Scrutinizer for the upcoming Extra-Ordinary General Meeting (EGM) to oversee e-voting and voting at the EGM, as well as considering and approving the book closure date and e-voting cutoff date for the EGM. Furthermore, the Board will approve the draft notice of the EGM, including its date, time, and venue, and address any other business with the Chair's permission.
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About the Company
Ujaas Energy Ltd, established in 1999, is a solar power company involved in generating, selling, and servicing solar power plants. It operates under the "UJAAS" brand, developing, owning, and maintaining solar energy power plants. The company offers engineering, procurement, construction, solar park, and rooftop solutions, along with operations and maintenance services. With an installed capacity of approximately 14 MW and over 235 MW of solar power plants set up, Ujaas Energy provides various solar power solutions through its Ujaas Park, Ujaas My Site, and Ujaas Home platforms. Additionally, the company manufactures transformers and has ventured into the electric two-wheeler market with its E-Spa brand.
The company has a market cap of over Rs 5,600 crore and has delivered good profit growth of 42.9 per cent CAGR over the last 5 years. The stock gave multibagger returns of 1,963 per cent from its 52-week low of Rs 20.68 per share and a whopping 14,600 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.