Invest Smart: 1:10 Stock Split, 24th January Record Date; Buy For Maximum Gain In 2025?

One of the leading national suppliers of solar energy and a major player in the Solar EPC market is Insolation Energy Ltd. With its innovative, created, designed, and linked more than 500 MW+ of solar PV modules, this BSE SME Listed company is revolutionising India's energy landscape with state-of-the-art technology. Following the company's announcement of the record date for a 1:10 stock split, Insolation Energy's shares closed the day Friday 1.32% down at Rs 3192.15, with a market valuation of Rs 7,033.68 Cr.

Insolation Energy Stock Split

"We wish to inform you that INSOLATION ENERGY LIMITED has fixed "Friday, 24th January, 2025" as the "Record Date" for determining entitlement of Equity Shareholders for the purpose of Sub-division/split existing equity shares of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 10 (Ten) equity shares having face value of Rs. 1/- (Rupee One only) each fully paid-up as approved by the Equity Shareholders on 5th December, 2024, as already intimated to the Stock Exchange dated 5th December, 2024," said the company in a stock exchange filing.

The Board of Directors "Approved and fixed Friday, 24th January, 2025 as the "Record Date" for determining entitlement of Equity Shareholders of the Company for the purpose of Sub-division/split of existing equity shares of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 10 (Ten) equity shares having face value of Rs. 1/- (Rupee One only) each fully paid-up, ranking paripassu in all respects," said Insolation Energy in a regulatory filing on 15th January, 2025.

Insolation Energy Financials

For the nine months ending December 31, 2024, Insolation Energy reported a consolidated provisional sales number of Rs 928.34 crore, a spike of Rs 482.5 crore over the same period the previous year. Additionally, it stated that the EPC company, which had an order book of about Rs 700 crore, will begin to contribute starting in Q4 of FY 2024-2025. With a 119.83% growth in revenue from operations to Rs 612.02 crore in Q2 FY25 compared to Q2 FY24, the company's consolidated net profit soared 307.65% to Rs 61.27 crore.

Insolation Energy Share Price Target

"Insolation Energy stock price is slightly bullish on the Daily charts with strong support at 3070. A Daily close above resistance of 3297 could lead to a target of 3525 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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