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August 13, 2024 | by Amit Sharma

Ujaas Energy Ltd, a name that has recently made waves in the stock market, is both thrilling and worrying investors. With share prices plummeting after a historic rise and a surprise bonus issue announcement, the company is at a critical crossroads. Here’s the latest update on what’s happening with Ujaas Energy Ltd and what it means for investors.
Ujaas Energy Ltd, once a robust player in the renewable energy sector, has seen its share prices take a dramatic turn. After years of strong performance, recent developments have left shareholders in a state of uncertainty.
In a stunning turn of events, Ujaas Energy Ltd has announced a 1:4 bonus share issue. This means that for every four shares held, shareholders will receive one additional fully paid-up equity share. This announcement comes on the back of the stock delivering multibagger returns of 21,813%, skyrocketing from its 52-week low of ₹2 per share to a new high of ₹438.25 per share. The stock has been consistently hitting upper circuits and breaking 52-week highs, leaving many investors both excited and cautious.
| Latest Performance Metrics | Details |
|---|---|
| Recent 52-Week Low | ₹2 per share |
| Recent 52-Week High | ₹438.25 per share |
| PE Ratio | 75x |
| Return on Equity (ROE) | 55% |
| Market Capitalization | ₹4,615 crores |
| Bonus Share Ratio | 1:4 |
| Expected Post-Bonus Share Capital | ₹10,66,26,590 |
| Fundraising Plans | Up to ₹500 crores through FPO, ADR, GDR, QIP, or rights issue |
Ujaas Energy Ltd, established in 1999, operates under the “UJAAS” brand and has a strong presence in the solar power industry. The company has developed, owned, and maintained solar power plants with an installed capacity of approximately 14 MW and has set up over 235 MW of solar power plants. It also manufactures transformers and has ventured into the electric two-wheeler market with its E-Spa brand.
Despite the recent bonus share announcement and soaring stock prices, Ujaas Energy Ltd has struggled to meet its share price targets in the past. The company’s ambitious targets for 2024 and beyond are now in question, leaving many to wonder if it can sustain its recent momentum.
| Financial Metrics | Value |
|---|---|
| Current Market Price | ₹296.80 INR |
| Recent Price Decline | -79.79% compared to previous closing prices |
| Net Loss (Last Quarter) | ₹4.14 crores |
| 52-Week High | ₹1906.67 INR |
| 52-Week Low | ₹27.14 INR |
| Market Valuation | Shares are currently undervalued |
| Month | Target Price (INR) |
|---|---|
| January | ₹723.03 |
| February | ₹723.14 |
| March | ₹724.18 |
| April | ₹724.56 |
| May | ₹725.41 |
| June | ₹725.84 |
| July | ₹726.11 |
| August | ₹726.67 |
| September | ₹727.01 |
| October | ₹727.32 |
| November | ₹728.14 |
| December | ₹728.29 |
| Month | Target Price (INR) |
|---|---|
| January | ₹734.87 |
| February | ₹734.99 |
| March | ₹735.23 |
| April | ₹735.88 |
| May | ₹736.15 |
| June | ₹736.74 |
| July | ₹737.12 |
| August | ₹737.94 |
| September | ₹738.15 |
| October | ₹738.96 |
| November | ₹739.45 |
| December | ₹740.25 |
| Month | Target Price (INR) |
|---|---|
| January | ₹744.21 |
| February | ₹744.29 |
| March | ₹745.12 |
| April | ₹745.84 |
| May | ₹746.25 |
| June | ₹746.97 |
| July | ₹747.21 |
| August | ₹747.85 |
| September | ₹748.56 |
| October | ₹748.97 |
| November | ₹749.56 |
| December | ₹750.23 |
While the recent bonus share announcement and multibagger returns are exciting, potential investors should tread carefully. The company’s financial performance has been volatile, and the recent share price surge could be a temporary spike. As always, it’s crucial to consult with a financial advisor and conduct thorough research before making any investment decisions.
Ujaas Energy Ltd is at a pivotal moment. The company’s recent announcement of a 1:4 bonus share issue and the surge in its share price have captured the attention of many investors. However, with its history of missed targets and financial losses, the future remains uncertain. Investors should stay informed and consider both the potential rewards and risks before jumping in.
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