Ujaas Energy Limited achieved 416% returns in just one month

The past month has seen significant growth in the share price of Ujas Energy Limited, which has caught the attention of investors. At the beginning of May 2024, the share price of Ujas Energy Limited was approximately ₹44.15. By June 17, 2024, this solar stock had risen to ₹221.60, marking a growth of over 416% during this period.

Ujas Energy Limited share price growth

This means that if you had invested ₹100 in Ujas Energy Limited on May 21, 2024, your investment would have increased by 416% by June 17, 2024, i.e. your invested ₹100 would have become approximately ₹401.93.

Reason for share price increase

The company had recently announced its financial results, increasing investor confidence in the company’s growth potential and future, leading to a rise in its stock price. Ujaas Energy Limited had implemented many new solar projects that the company is working on, which can make the company’s future in this sector even more secure.

This will increase the company’s revenue and also lead to progress in renewable energy. Investors took this announcement positively and invested in the company, leading to an increase in its stock price. The increasing demand for solar energy in India, along with government policies and subsidy schemes, has also attracted investments in the solar energy sector.

conclusion

The share price of Ujas Energy Limited has risen significantly over the past month due to strong financial performance, announcement of new projects and increasing market demand driven by government policies. This growth has also led to good returns for investors, which is good growth for the company and India’s solar sector, making it even stronger going forward.

Also see: This solar company gave investors returns of up to 9,200%, you too can benefit by investing.