Solar company changed the fortunes of investors, more than 500 percent return, government invested so many thousands of crores, shares will fly for a long time…

The fortunes of the shareholders of solar energy share company Insolation Energy Limited have brightened. This share is very famous among investors. Star investor Ashish Kacholia also has a stake in it.

Shares of this energy sector have given a profit of about 600 percent to its investors during the last one year. Now the company's board has announced corporate action. At the same time, there is full hope of seeing strong action in this stock on Monday also.

Rajasthan government will invest Rs 10 thousand crores

Actually, Rajasthan government is going to invest Rs 10 thousand crores in this company. An agreement has been signed between Rajasthan Government and Insolation Energy Limited regarding investment.

This investment will be made on several solar projects in Rajasthan by 2030, which include IPP projects, component manufacturing, EPC projects and solar parks.

Manish Gupta, Chairman of Insolation Energy, said that the company aims to make a place among the top 10 solar companies of the world in the next few years. Recently the company has also received orders worth Rs 775 crore, which shows its growth and increasing demand.

Solar Energy: Stock Split Announced

Let us tell you that the company has also announced a stock split in the ratio of 10:1, under which every old share will be divided into 10 new shares, whose face value will be Re 1. This step will increase the liquidity of shares and it will become easier for retail investors to buy shares.

Ashish Kacholia increased his stake

Apart from this, star investor Ashish Kacholia's company 'Bengal Finance and Investment' has bought 1,21,600 shares at the price of Rs 3,287 per share, which is worth about Rs 40 crore. Let us tell you that Insolation Energy was established in 2015 and is known as a high-efficiency manufacturer of solar panels and modules.

Solar Energy: Stock Performance

Let us tell you that during the last one month, this stock has registered a rise of more than 20 percent. At the same time, there has been a jump of more than 90 percent in a period of 6 months. If we talk about one year, we have got returns of more than 590 percent. Apart from this, it has given a profit of 4300 percent in 5 years. On Friday, it hit an upper circuit of 5 percent, after which it closed at the level of Rs 4,265.