Multibagger Stock Hits Record High, Demonstrates Resilience Amid Market Turmoil

Godawari Power and Ispat Shares Surge to Near Record High

On Friday, April 24, Godawari Power and Ispat shares reached near record high levels after the company announced a significant development in its energy storage business. The company's wholly owned subsidiary, Godawari New Energy Private Limited, has signed a key supply agreement with Shanghai Shenyi Roche Energy Technology Limited on April 23, 2026. The agreement covers the supply of the Balance of System for a 5 MWh DC Block on a CKD basis.

This marks the initial stage of GNEPL's ambitious 20 GWII Battery Energy Storage System (BESS) initiative in Sambhajinagar. The collaboration is expected to provide GNEPL with a dependable, efficient, and cost-effective supply chain, guaranteeing consistent quality as it increases BESS production. Roche Energy contributes its expertise in energy storage design, manufacturing, material provision, and technological support, with competencies covering grid, source, and user-side storage options.

Godawari Power and Ispat's 52-week high is at ₹310.40, with the present price activity staying just under this benchmark, reflecting continued momentum. On Friday, the stock began trading at ₹297.30 and reached a high of ₹297.85, with a low of ₹291.90 recorded. The prior close was ₹294.25, indicating a slight upward tendency despite some volatility during the day.

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Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, noted that after hitting a recent high of ₹310, the stock has seen a gradual correction over the past week. He observed that the broader trend remains intact, with the stock continuing to form a pattern of higher highs and higher lows. Bhosale expects strong support around ₹280, where buying interest could emerge. On the upside, ₹310 remains an immediate resistance level, and a decisive breakout above this could trigger the next leg of the uptrend.

Comparison of Key Figures

Technical Views

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Based on the analysis by Rajesh Bhosale, the stock is expected to continue its upward trend, with a slight correction expected. The support level of ₹280 is expected to provide strong buying interest, while the resistance level of ₹310 remains a key barrier to be broken for the next leg of the uptrend.