KPI Green Energy LTD up by 10.75 percent | Espresso

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Espresso Shot of the Day - KPI Green Energy LTD up by 10.75 percent

August 16, 2022
Espresso Shot of the Day - KPI Green Energy LTD up by 10.75 percent

KPI Green Energy LTD  806.25 (+10.75%)  BSE –INE542W01017| 16th August 2022

https://www.myespresso.com/images/Binge-graph-image_-KPI-Green-Energy-Ltd-202208161857213896854.jpg

KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the solar vertical of KP Group and a prominent Gujarat based solar power generating company. Incorporated in February, 2008, the company focused on providing solar power through different Business verticals. The Company develops, builds, owns, operates and maintains solar power plants as an Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism’.


Recent Driver

  • KPI Green Energy Ltd reported on August 13, 2022 that it had made a net Profit of Rs. 25.31 crores in June 2022, up 275 % from Rs. 9.21 crores in June 2021.
  • KPI Green Energy Ltd reported on August 13, 2022 that it had a Net Sales of Rs 116.40 crores in March 2022, up 338% from Rs. 35.42 crores in March 2021.
  • KPI Green Energy Ltd considered, approved and declared Second Interim Dividend of Rs. 0.30 per equity share having face value of Rs. 10/- each on the equity share capital of the Company for the financial year 2022-23.
  • KPI Green said it received an order for executing solar power project of 23.60 MWdc capacity from Nouveau Jewellery and 3 MWdc capacity from Nouveau Diamonds Manufacturing India on july 6,2022.
  • KPI Green Energy announced on June 21,2022 that ICRA has upgraded the company’s credit rating from [ICRA]BBB+ [ICRA]A2 to [ICRA]A-   [ICRA]A2+ and also revised the outlook on long term rating to stable from positive.
(Sources: BSE,  Moneycontrol,Business Standard,Capital Market)

Technical Force*

  • S&P Bse 500 month till date gain by 4.21%.
  • 3 months avg. NSE volume: 290,896
  • Quantity traded: 1,27,164 | Deliverable Quantity: 47,178 (37.10 %)
  • The stock price jumped by more than 600% from a one-year low level: 116 (August 24 ,2021)
  • Daily RSI (14) is at oversold territory today.
  • 52-week-high: 837.70| 52-week-low: 116.00


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

751.43

550.02

436.73

235.32

122.03

-

-

-

Fibonacci Pivot

550.02

429.80

355.53

307.70

235.32

162.94

115.10

40.83

-


Today’s Close

806.25

SMA

BSE

10 DAY

709.33

20 DAY

711.44

50 DAY

681.84

200 DAY

467.03


Some Key Ratios (Source: BSE)

Market Cap: 1,456.65 crores

PE: 32.65

OPM%: 49.49

ROE%:  28.72

Promoters holding%: 54.68

Prev. Close:  728.00


https://www.myespresso.com/images/espresso_shot_blog_credit_image%20WD-202206271809546799546.jpg

Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.