This share of electricity increased by 1900%
Business Business: Energy company Ujaas Energy’s share price will be in focus during the trading session of September 16-20. This is because the company will be five days ahead of the upcoming bonus release date at a ratio of 1:4. We would like to inform you that Ujaas Energy is undergoing bankruptcy proceedings. As a result, the company’s shares stopped trading on September 9. The latest share price is Rs 532.65. This is also a new 52-week maximum price. Its 52-week low is Rs 2.05. We tell you that this stock is up 1900% in the last six months. During this time the price has increased to Rs 27 from the current price. The company will make bonus shares available to investors in the ratio of 1:4. This means that the company is issuing one free share for every four existing shares. According to the regulatory filing, the board of directors reviewed and approved the distribution of bonus shares and approved the record date for bonus shares as Friday, September 20, 2024.
Ujaas Energy Limited is the first company in the country to manufacture and sell solar RECs. In March 2012, a 2 MW solar power plant was commissioned in Rajgarh (Madhya Pradesh). The company also manufactures transformers and integrated meters for energy regulators. Currently, shares of Ujaas Energy are banned from trading on the BSE due to IBC.
