This multibagger solar energy stock gives 1800% return in last 3 years – News18

In the stock market, a few entities give massive returns to investors and these are called multibagger stocks. Investors often seek these multibagger stocks to make the most out of their investment. Recently, the renewable energy sector is under the radar of investors and market analysts as several listed companies in the sector have given significant returns to investors. KP Energy Limited, a leading player in solar and wind energy infrastructure solutions, has delivered remarkable returns to both long-term and short-term investors.

The stock closed 2.08% higher on Monday at Rs 549.55 apiece on BSE continuing its gaining streak for the second consecutive day. On Friday, the stock closed at 538.35 per share on BSE with a 5% gain.

Over the last three years, the KP Energy shares have surged manifold giving a huge return of nearly 1,800% to investors. Shares of the company have witnessed a surge of over 189% in the last six months rising from a level of Rs 191.95 on May 2. The stock has gained over 200% this year so far and 192.16% in the last one year.

The company has a market capitalisation of Rs 1,221 crore.

Considering the current price levels, Rs 1 lakh investment in KP Green Energy three years ago would have turned into nearly Rs 19 lakh today. KP Energy’s share price stood at Rs 29 apiece on October 30, 2020, and it has now risen to Rs 549.55 apiece. If an investor had invested Rs 1,00,000, purchasing about 3,448 shares of this multibagger stock three years ago and held onto the investment, it would have grown into Rs 18,95,000 as of today.

KP Energy Limited is a leading player in India in the renewable energy sector. The company provides infrastructure solutions for solar and wind energy projects. The company, a subsidiary of KP Group, was founded in 2010. It is based in Surat, Gujarat.