Ujaas Energy gave good returns to its investors, know whether you can also get profit now

Ujaas Energy Company’s Shares Surge with Multibagger Returns

The demand for renewable energy is rapidly increasing, prompting more individuals and businesses to invest in solar solutions. Government subsidies for solar installations enhance this trend, positively impacting the stock prices of renewable energy companies.

Ujaas Energy, a leading solar energy firm in India, has delivered staggering returns of 3,073.43% to investors over the past year, positioning itself as a multibagger stock. This impressive performance highlights the company’s robust growth potential, making it an attractive option for investors interested in supporting clean energy initiatives.

About Ujaas Energy

Ujaas Energy not only manufactures solar equipment but also engages in large-scale solar project development, contributing to its soaring stock price. The company’s shares recently traded at ₹709, reflecting a strong market presence and investor confidence.

Financial Performance

In its latest quarterly report, Ujaas posted revenues of around ₹4 crore but reported a net loss of ₹4.14 crore, widening from a prior loss of ₹2.90 crore. Despite past revenues of ₹27 crore in 2014, the company anticipates growth to ₹31 crore by 2023, with a projected profit of approximately ₹29 crore, though it faces a loss of ₹17 crore this year.

With a market capitalization of ₹7,278 crore, Ujaas Energy is firmly established in both the solar and electric vehicle sectors, making it a favored choice among investors.