look news india
There was a decline in the stock market on Friday, but investors placed heavy bets on the shares of Zodiac Energy. Shares of the company touched the upper circuit of 5% and hit the level of ₹564.90. The reason for this growth is that the company got the first international rooftop solar project from Zambia.
During the day’s trading, buy orders for 11,975 shares were pending, but there were no sellers. Zodiac Energy’s 52-week high is ₹819.40 and low is ₹151**.
Received new international order from Zambia
Zodiac Energy has received an order from Strongpack Limited (Zambia) for the design, engineering, supply, installation, testing, and commissioning of a 2 MW rooftop solar system.
- Order Value: $720,626.00
- Delivery Time: By February 2025
- Battery energy storage system is also included with this project.
Previous orders:
In October 2024, Zodiac Energy had received an order worth Rs 154.27 crore from Ahmedabad Municipal Corporation (AMC). This was for 30 MW ground mounted solar projects in Gujarat.
Tremendous performance of Zodiac Energy shares
1422% increase in three years
- 17 December 2021: ₹37.10
- 20 December 2024: ₹564.90
413% jump in last two years
- 23 December 2022: ₹110.15
- 20 December 2024: ₹564.90
258% increase in one year
- 20 December 2023: ₹157.80
- 20 December 2024: ₹564.90
170% rise so far in 2024
- 1 January 2024: ₹209.10
- 20 December 2024: ₹564.90
Why are investors flocking to Zodiac Energy shares?
- International Order: The company has got a foreign project for the first time.
- Steady growth: The company has consistently won projects, such as Ahmedabad Municipal Corporation’s large solar project.
- Long-Term Growth: The company’s shares remain bullish due to increasing demand in solar and energy storage.