This Solar Stock Increased 500% in 13 Days; Back-to-Back Upper Circuit, IPO was Listed Recently

Recently, the shares of this small-cap company listed in NSE SME have witnessed a continuous rise. After the announcement of solar panels in the budget, it has gained even more momentum. On Friday, the stock rose by 20 percent and closed in an upper circuit at Rs 272.75. Even today, it has an upper circuit of 20 percent and the share is trading at Rs 327.30.

Stock was Listed at 159 Percent Premium

The IPO of Australian Premium Solar (India) Ltd (NSE: APS) opened on 11 January 2024 and closed on 15 January 2024 and the price band of the stock was Rs 54 per share. Retail investors could buy only 1 lot and there were a total of 1200 shares in 1 lot whose total price was ₹108,000. The shares were listed on January 18, 2024, at Rs 140 per share. Its shares were listed at a premium of 159.26 percent.

133 Percent increase in Stock Price since Listing

It was listed at Rs 140 per share and after the listing, investors are buying heavily due to which the share price is continuously increasing. Apart from this, after the government scheme related to solar, it gained further momentum on Friday and the stock hit the upper circuit of 20 percent.

More than 500% Growth from the IPO Price

Even today, there is an upper circuit of 20% in the stock and the stock is trading at its highest price of Rs 327.30 which is a total growth of 150% from its IPO price of ₹54 to the current price of ₹327.30. This means that investors who got the IPO of this company and still have it in their portfolio have made a profit of 506.11% and their investment amount of ₹108,000 has grown to ₹654,600 in just 13 trading days.

About the Company

Australian Premium Solar (India) Ltd. manufactures monocrystalline and polycrystalline solar modules and provides EPS services for residential, agricultural, and commercial applications.

Disclaimer: This article is for informational purposes only and should not be considered investment advice.