Suzlon IREDA Stocks Decline: A New Player Emerges
Suzlon Energy and IREDA have recently faced a decline, leaving some investors with losses. However, a new green energy stock, Ujaas Energy Ltd, has outperformed both, delivering astonishing returns of over 2700% in just one year.
Multibagger Returns in 1 Year
Ujaas Energy Ltd’s stock price surged from ₹20.68 to ₹705 in the last 52 weeks, yielding an impressive 2741% return for investors. The stock has gained 1834% over the past six months and 0.58% in the last month, marking a total return of 2479.98% over five years.
Financial Position of Ujaas Energy Ltd
Financially, Ujaas Energy Ltd reported a total income of ₹267.26 crore for 2024, down 11.38% from the previous year. However, net income saw a significant increase of 260.36%, reaching ₹289.56 crore, reflecting strong profitability with a net profit margin of 108.34%.
Share Prices in the Market
As of November 5, shares of Ujaas Energy Ltd opened at ₹616.10 on NSE, slightly down from the previous day. Despite recent fluctuations, the stock has achieved a 52-week high of ₹709.05, indicating strong long-term potential.
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Summary at glance
Suzlon Energy and IREDA have recently experienced price declines despite previously offering multibagger returns. In contrast, Ujaas Energy Ltd has surged, providing astonishing returns of over 2700% in just one year, outperforming both Suzlon and IREDA. Ujaas Energy’s stock rose from ₹20.68 to ₹705, with a remarkable net income increase of 260.36%. Despite a slight drop in share price today, the company’s long-term performance and profitability remain strong, solidifying its position in the green energy sector.
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