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Green Stock Soars After Landing ₹ 2.5 Crore Order from Gujarat Urban Development Company

1 Mar 2024

Green Stock Soars After Landing ₹ 2.5 Crore Order from Gujarat Urban Development Company

Shares of Ahasolar Technologies Limited, a multibagger stock in the green energy sector, rocketed 5% today, hitting the upper circuit limit. This jump follows the company's announcement of a significant order win.


Here's the green scoop:

  • Ahasolar's stock surged after securing a ₹ 2.5 crore order from Gujarat Urban Development Company Limited (GUDC).

  • This year-to-date, the stock has delivered a stellar 85% return to its investors.

  • The order involves consultancy services for setting up grid-connected solar projects in government buildings across Gujarat.

  • This win comes on the heels of another recent ₹ 37 lakh order from GUDC for solar projects in various locations.


Ahasolar's Rise to Solar Stardom:

  • Founded in 2017, Ahasolar develops AI-powered platforms to streamline solar project management for companies and government agencies.

  • Their platform assists in various aspects, including designing, procuring, and selling solar plants, project management, and drone surveys.

  • Over the past year, Ahasolar's stock has become a multibagger, delivering a whopping 172% return to investors.


This recent order and the stock's impressive performance solidify Ahasolar's position as a rising star in the booming green energy sector. The company's innovative approach and focus on technology position them well for continued growth as the demand for clean energy solutions surges.

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