Energy Penny Stock Under Rs 20 Jumps After Bagging Order Worth Rs 4,00,00,000 from JSW Energy Limited
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 9.61 per share.
On Friday, shares of Sharika Enterprises Ltd jumped 8.6 per cent to an intraday high of Rs 19.38 per share from its previous closing of Rs 17.85 per share. The stock’s 52-week high of Rs 32.48 per share and its 52-week low is Rs 9.61 per share. The company has a market cap of Rs 83 crore. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 9.61 per share.
Sharika Enterprises Limited has secured a significant consultancy contract from JSW Energy Limited for a reactive power study, valued at Rs 4 crore. This domestic project is a key addition to Sharika's portfolio, with the company expected to complete the study by March 31, 2026.
Earlier, the company secured approximately 5 MW of solar rooftop contracts worth around USD 3 million from public sector entities, including NHPC, PGCIL, and NTPC. Key projects include a 4MW system for NHPC in Jammu and Kashmir under the PM Surya Ghar scheme, 1MW for PGCIL across Ladakh, Rajasthan, and Northern Region government buildings, and a 180KW solar carport for NTPC Unchahar. These contracts solidify Sharika's leadership in India's renewable energy sector, building on its prior experience of installing 3.5 MW of solar rooftop systems and over 10,000 solar street lights.
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About Sharika Enterprises Ltd
Sharika Enterprises Ltd, boasting a rich legacy of decades in the power sector with expertise in transmission and distribution, is committed to driving innovation and ushering in a transformative era in the industry. Their visionary goal is to evolve the sector into a futuristic 'Smart Grid,' harnessing state-of-the-art technologies and sustainable solutions. The company has also made remarkable strides in the solar power sector. Actively collaborating with governmental bodies, PSUs, schools, private sectors, and more, Sharika Enterprises has successfully implemented a large number of solar PV projects in the last 4-5 years. Their portfolio includes a range of pioneering solar solutions such as Grid-connected solar PV Systems, Off-Grid Solutions, Hybrid Solutions with Battery Backup, Battery Energy Storage Systems, EV Charging Systems, Micro Grids, Real-Time Monitoring of solar Plants and Solar Street Lights.
Disclaimer: The article is for informational purposes only and not investment advice.