Insolation Energy Share Price Skyrockets in Stock Market 🚀
Insolation Energy Limited’s shares have been on fire in the stock market, providing investors with steady returns. The company’s shares have doubled investors’ money in just about 3 months and continue to show strong growth.
Currently, the company’s share price stands at ₹3,329. With the recent emphasis on solar energy in the budget presented by Finance Minister Nirmala Sitharaman, the company’s share price is expected to rise even further in the coming days.
Insolation Energy Limited’s shares have doubled their investment in nearly 3 months and tripled it in 6 months. On April 12, a share was priced at ₹1,676. Now, it has reached ₹3,329.
In just 6 months, the company has delivered a staggering 208% return. If you had invested ₹1 lakh in the company 6 months ago, you would have made a profit of ₹2.08 lakh.
The company has made investors wealthy over the past year, with its shares delivering over 1760% return. If you had bought 1 lakh shares of the company a year ago, you would have made a profit of ₹17.60 lakh.
Insolation Energy Limited manufactures solar panels and modules. Established in 2016, the company has a 200 MW module manufacturing unit in Jaipur. It also produces lead acid batteries. The company’s market cap is around ₹7,000 crore.
In the financial year 2023-24, the company’s revenue was ₹741.32 crore, a 165% increase compared to the previous financial year. The company’s profit stood at around ₹55 crore, a 400% increase from the previous year.
The company’s stock was listed on the stock exchange in October 2022 at a price of ₹97. Since then, it has delivered exceptional returns, increasing investors’ money by 33 times in 21 months. If you had bought 1 lakh shares of the company in October 2022, it would be worth ₹34.33 lakh today.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
