Ujaas Energy Limited, operating in the renewable energy sector, has provided unique benefits to its investors. The shares of this company have made investors millionaires within just one year. While most investors invest for the long term, Ujaas Energy has surprised investors with the growth rate of its shares. A year ago, the share price of this company was only Rs 1.70, which has now increased to around Rs 652.90. This is an increase of almost 38000%, making it one of the biggest multibagger stocks of the year.
Degraded returns given in 6 months
Even in the last six months, Ujaas Energy has given excellent returns to the investors. At the beginning of August, its share price was Rs 325, which has now reached around Rs 648.50. Thus, it has given a profit of almost 100% in just two months. Apart from this, three months ago in the beginning of July its price was Rs 210. If an investor had invested Rs 1 lakh at that time, that amount would have now become around Rs 3 lakh.
Investors earned crores of rupees
Due to this impressive return of Ujas Energy, many investors have earned profits worth crores. For example, if someone had invested Rs 1 lakh in the shares of this company a year ago, his current total capital would have been Rs 3.80 crore. Achieving returns of 380 times in just one year makes it an exceptional investment option. This performance of Ujaas Energy has not only proved beneficial for the investors, but it has also created a distinct identity for itself in the stock market.
What does the company do?
Ujaas Energy is located in Indore, Madhya Pradesh and this company is engaged in production and distribution of solar energy. Its 2 MW solar plant located in Rajgarh, Madhya Pradesh is the first company to produce and sell solar RECs in the country. Ujaas Energy aims to be a leader in green energy generation and its efforts in this area are clearly visible. Currently the market value of the company is Rs 6.91 thousand crore, which makes it an emerging force in the renewable energy sector.