Finance & Investing

These 20 stocks can be multibagger due to PM Suryoday Yojana

Sandesh

Senior Researcher and Editor

03 Feb 2024 1 min read
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On 22nd Jan 2024, Prime Minister Narendra Modi announced Pradhan Mantri Suryoday Yojana just after Ram Mandir Pran Pratishtha in Ayodhya.

What actually is PM Suryoday Yojana?

Pradhan Mantri Suryoday Yojana is the scheme of the Indian Government under which the government will bear the entire cost of installing solar rooftop systems, through which low income households will get upto 300 Units of Electricity free of cost and can sell surplus electricity produced.

Finance Minister Nirmala Sitharaman in speech of ‘Interim Budget 2024’ stated that –

“Through PM Suryoday Yojana government will set up Rooftop Solarization on 1 Crore houses and each household will get 300 units of electricity free through which they could save Rs. 15000 to 18000.”

Stocks that can give multibagger returns from Suryoday Yojana : -

Here is a list of Solar related stocks which are either in business of setting solar panels or in business of any other equipment used in manufacturing solar panels or used in setting up solar panels.

  1. Borosil Renewables
  2. Tata Power
  3. Adani Enterprises
  4. Exide Industry
  5. IREDA
  6. JSW Energy
  7. Sterling & Wilson Renewable
  8. Thermax
  9. Voltamp transformers
  10. Asahi India Glass
  11. Urja Global
  12. Swelect Energy
  13. Surana Solar
  14. Websol Energy
  15. Servotech power
  16. Oriana Power
  17. KPI Green Energy
  18. Insolation Energy
  19. Waaree Renewables
  20. Waa Solar
3.2/5 - (38 votes)

About the author

Sandesh

Senior Researcher and Editor

Sandesh Agrawal is a Chartered Accountant and the co-founder of DailyBulls.in and OIHelper.com. His work focuses on business analysis, company financials, and fundamental research, with a strong emphasis on identifying strengths, risks, and overlooked details in listed companies.He is known for breaking down financial statements and business fundamentals in a practical, easy-to-understand way for market learners and investors. His approach combines accounting insight with market context, helping readers understand where a company’s real strength or weakness may lie beyond surface-level numbers.Alongside his work in financial analysis, Sandesh is also active in commodity trading. He has also played a leading role in building and maintaining DailyBulls.in’s flagship WhatsApp newsletter, which is loved by more than 10,000 subscribers daily.

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