Shera Energy’s stock price has skyrocketed by 223.2% since its debut on the NSE SME on February 17, 2023. This impressive growth has significantly increased the wealth of its investors. Those who were allotted shares would have earned ₹3.68 lakhs over the 16-month period.
On Friday, Shera Energy’s share price opened at ₹185 on NSE, reached an intraday high of ₹186.50, and hit an intraday low of ₹183.20. According to technical analysts, the stock is currently fluctuating within the ₹175–195 range, and significant movement is expected only if it breaks out of this range.
Historical Performance
Shera Energy’s stock saw notable gains last year, with increases of 51% in April, 44% in August, and 36% in October. This April, the stock rose by 46%. Just 14 months after listing, Shera Energy’s share price surpassed ₹200, marking a 256% growth from its IPO price of ₹57.
Shera Energy, based in Jaipur, specializes in producing non-ferrous metals like copper, brass, and aluminum wrapping wires and strips. The company is unique in India for producing all three metals under one roof, focusing on quality, customer satisfaction, and innovation.
Expansion and Global Presence
Establishing Shera Zambia Limited in Central Africa was a significant step in expanding their global reach. The company experienced remarkable growth in the second half of FY2024. Total sales increased by 37.33% to ₹491.91 crores compared to the same quarter the previous year, showcasing strong market demand and successful business strategies.
Strategic Ventures
Recently, Shera Energy secured a deal worth USD 87,000 to supply conductors, marking its first entry into the African market. This achievement highlights the company’s growing presence in Africa and commitment to providing top-quality products and services to new regions.
With numerous infrastructure projects underway in Zambia and Shera Energy’s strategic presence through its subsidiary, the company expects a significant boost in its export operations. This development is anticipated to increase the export business by about ₹60 crores in FY25.
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