Multibagger! KPI Green Energy zooms over 24400% in 4 years; should you buy the stock?
₹7.48 in May 2020 to currently trade at ₹1,835.In the last 3 years as well, the stock has given exceptional returns, rallying 11007 percent from ₹16.5 in May 2021. Meanwhile, in the last 1 year, it has soared 468 percent and it surged 87.5 percent in 2024 YTD.This year so far, the scrip has given positive returns in 4 of the 5 months to date.
The stock is up 1.5 percent in May following a 19 percent surge in April. However, it fell 12.5 percent in March.
Meanwhile, it was positive in the first two months of this year, gaining 43.2 percent in February and 24.2 percent in January 2024.ASM LT Stage 1 refers to a regulatory measure used by stock exchanges to monitor and manage trading activities. Here's a breakdown of the term:ASM LT Stage 1 specifically refers to the initial stage of long-term additional surveillance measures imposed by the stock exchange.
These measures are put in place to ensure market integrity and to safeguard the interests of investors. Stocks that are placed under ASM are subject to enhanced scrutiny due to factors like unusual price movements, volatility, or other concerns that may pose risks to investors.When a stock is placed under ASM LT Stage 1, the following measures may be implemented:Increased Margins: Higher margins may be required for trading the stock.Trade-to-Trade Settlement: All trades must be settled on a trade-to-trade basis, meaning no intraday trading is allowed.Price Band Changes: There may be tighter price bands to limit the daily price movement of the stock.KPI Green Energy Limited generates and supplies solar power under the Solarism brand name in India.
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