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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2016-11-09||Ujaas Energy Ltd.||Karvy||38.00||47.00||38.00 (-91.05%)||Target met||Buy|
Strong Foray in to Domestic Rooftop Segment: The company has reported sales numbers of Rs. 1212mn showing a growthof 129.9% YoY. The first half sales numbers came to Rs. 2149mn showing an exponential growth of 233.3%. The EBITDA numbers came in at Rs.184mn for Q2FY17 representing 47.7% growth YoY with EBITDA margins declining by 843bpsYoY and reaching to 15.1% majorly due to focus on EPC based business.
|2016-02-01||Ujaas Energy Ltd.||Karvy||26.55||32.00||26.55 (-87.19%)||Target met||Buy|
Government thrust for renewable energy: The government has set a target of installed wind power capacity of 1,00,000MW, to be attained by FY22E, from the current capacity of 4500MW. Today solar capacity is about 4500MW and capacity target for FY16E is about 2000MW. During FY17E, the country is hoping to add 12000MW in solar sector alone.