multibagger stock EKI energy strong rebound jumps 48 percent in 3 sessions ipo launch 2021 – Business News India

read on the appFor the last few days, there is a stormy boom in the stock of EKI Energy. The stock gained 10% on Tuesday and hit the upper circuit. Now the price of this share is

Rs 757 on the BSE index. Let us tell you that there is a stormy boom in the stock for three consecutive trading days. On February 17, 2023, the share price was Rs 511.95, which is

a 52-week low. From this level, the stock has given a return of 47.87 per cent in just two trading days. At the same time, the 52 week high level of this stock is Rs 2964. This

share price was on July 6, 2022. Hit Tha IPO: EKI Energy's IPO was launched in the year 2021. Its price band was ₹100-₹102 per share. It was listed on the BSE SME Exchange. The

stock had entered the market at a premium of 37 per cent over the issue price. Subsequently, the Board of EKI approved the issue of bonus shares in the ratio of 3:1. Simply put,

for every share held, three additional shares were issued. How were the company's results: EKI Energy has earned a net profit of Rs 45.20 crore in the December quarter. At the same

time, the company's profit in the September quarter was Rs 106.13 crore. Total income for the third quarter stood at Rs.421.12 crore as against Rs.461.15 crore in the second

quarter. Explain that by December 2022, the promoters had 73.44 per cent stake in the company. The company provides services for climate change advisory, carbon credit trading,

business excellence advisory and electrical safety audits.