Orient Green Power Share Price: A Rising Star in the Renewable Energy Sector
1. ๐ Intraday Trading: On Tuesday, Orient Green Power Company Limited’s shares were trading at INR 23.25 with a gain of over 3% in intraday trading.
2. ๐ฟ Orient Green Power: Orient Green Power Company Limited is an independent producer of renewable energy, specializing in wind energy. The company is actively involved in the development, ownership, and operation of various wind energy plants.
3. ๐ก Expanding Capacity: Based on an advisory memo prepared by a designated firm, the company’s board has approved plans to increase its wind energy capacity by up to 1 gigawatt.
4. ๐ญ Competing with Giants: Orient Green Power has the potential to compete with renowned companies like Tata Power and Suzlon Energy in the coming years. The company is a rising star in the unconventional electricity production sector, with a target capacity of 1 gigawatt.
5. ๐ฐ Strategic Investment: Indian Life Insurance Corporation (LIC) also holds a significant stake in Orient Green Power Company Limited. LIC currently owns the largest public institutional stake, with 1.58% or 15,459,306 shares until September 2023.
6. ๐ Impressive Financial Performance: In the first quarter of the financial year 2024, the company witnessed a 54.4% increase in net sales, reaching INR 122 crore, and a remarkable 733% surge in net profit, amounting to INR 75 crore.
7. ๐ Stellar Performance: Over the past six months, the company’s shares have surged by 138%. The stock’s value has increased from INR 9.48 to its current price. Year-to-date, the stock has seen a remarkable 124% growth, and it has delivered a 94% return over the past year. In the span of three years, the stock has provided a staggering 900% return.
8. ๐ Stock Performance: The 52-week high for Orient Green Power shares stands at INR 25.50, while the 52-week low is INR 7.08. The company currently holds a market capitalization of INR 2,208.59 crore.
Investors and renewable energy enthusiasts should keep a close eye on Orient Green Power Company Limited. With its expanding capacity, potential for growth, and impressive financial performance, the company is poised to make significant strides in the renewable energy sector.
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.
