Both FIIs and DIIs have increased their stake in the company as per the recent March update of FY24.

The company's shares have delivered a multibagger return of over 640 per cent to their shareholders in the past five years.

The board is likely to announce a dividend as well as a stock split this week on May 09, 2024. Investors must keep this multibagger stock on their radar.

In FY24, the renewable energy company witnessed a 59 per cent surge in revenue and a 47 per cent increase in profit.

The stock gave multibagger returns of 2,352 per cent in just 1 year and a whopping 11,300 per cent in 3 years.

The stock is trading at 0.61 times its book value and it is up by 48 per cent from its 52-week low of Rs 0.44 per share.

According to the quarterly results, the net sales decreased by 2.75 per cent to Rs 8.13 crore while the net profit increased by 91.67 per cent to Rs 0.23 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 24.13 per cent to Rs 35.34 crore and net profit skyrocketed by 246.15 per cent to Rs 0.45 crore compared to FY22.