Shares hit upper circuit after receiving new order from this green energy company, know whether you will get profit by investing?

Shares Surge for Bhageria Industries Limited Following New Orders

Shares of Bhageria Industries Limited soared by 5%, reaching ₹226.45, after the company received new orders from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The stock has seen a remarkable increase of 61% from its 52-week low of ₹140.85, boasting a staggering 6,700% return since its listing in 2005.

Details of the New Order

Bhageria has secured a Letter of Award to develop a solar photovoltaic power generation station with a capacity of 32 MW (AC) under the Mukhyamantri Saur Krishi Vahini Yojana 2.0. This project, awarded by MSEDCL, will see the company sell generated power for 25 years from its commercial operation date.

Company Overview

Founded in 1989, Bhageria Industries operates in both the chemical and solar energy sectors. The company specializes in manufacturing dyes and pigments while also engaging in solar energy generation and EPC contracts, with major installations in Chennai and Ahmednagar.

Financial Performance

With a market capitalization of ₹900 crore, Bhageria maintains a solid dividend payout ratio of 25.30%. The company’s share price currently stands at ₹221.60, and it has delivered impressive returns of 26.81% over six months and 34.27% over the past year, making it a strong candidate for investors in the renewable energy sector.