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Shares of solar installation company KPI Green Energy have touched the upper circuit of 10 percent today. After placing the upper circuit, the share price of the company reached the level of Rs 1148.10. Before today, on November 10, the shares of the company had an upper circuit. It is believed that there is a news behind the increase in the share price of the company. According to reports, the company is looking to raise funds through a suitable institutional placement.
The company announced bonus shares for the third consecutive year, the share price at Rs. is less than 100
KPI Green Energy’s share price has risen 162 percent this year. The multibagger stock has fallen 8 percent in the month of September. While in October it decreased by 0.4 percent. The price of this multibagger stock has increased by more than 32 percent in the last one month.
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What did the expert say?
“It may go to Rs 1250 level in the near term,” says Rajesh Bhosale, an expert associated with brokerage firm Angel One. At the same time, the support price of Rs 1080 has to be kept in mind.
The last week has been great in terms of the company’s order book. KPI Green Energy has received an order to set up a 1.60 MW solar power project. The order has been placed by Sun Drop Energy Pvt. Currently, the company has orders for setting up solar projects of over 139 MW.