š Oriana Power Share Price Surges by 10% in Last Trading Day
Last week saw a sharp decline in the stock market on the last trading day, with some shares also starting the week with a downward trend. One such energy sector stock is Oriana Power Limited, which saw a circuit of over 10% on its shares. The small-cap company’s shares closed at ā¹1847, up from ā¹1679 the day before. In just one month, the stock has delivered a whopping 117% multibagger return to its shareholders. The company’s shares were listed on the market last year with an IPO price of ā¹118.
š Oriana Power Limited Reports 750% Increase in Net Profit
Oriana Power Limited has announced its results, showing a nearly 750% increase in net profit. In the first half of FY24, the company’s revenue was ā¹64.05 crore, which increased by 398% to ā¹318.81 crore in the second half. Similarly, the company’s net profit increased from ā¹5.72 crore to ā¹48.62 crore, a growth of 750%. On Tuesday, the share was trading at ā¹2037, up by 5.00%.
š¼ Oriana Power Secures ā¹325 Crore Work Order
The company has recently secured a work order worth ā¹325 crore. Under this, it will provide engineering, procurement, and construction services to Jodhpur Vidyut Vitran Nigam Limited and set up a 76.62 MW solar power plant. Oriana Power’s order book is now more than 110 MW.
š Shareholding Pattern: Promoters Hold 61.41%
When it comes to shareholding pattern, the promoters hold 61.41% stake in the company, while retail investors hold 35.48% shares. Foreign institutional investors hold 1.17% shares, and domestic institutional investors hold the remaining 1.94% stake. The company was established in 2013.
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