Penny stock under ₹10: Orient Green Power shares rise 4.50% after Q2 Results 2026 | Do you own?

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Penny stock under ₹10: Orient Green Power shares rise after reporting ₹106 crore H-1 FY27 net profit with an industry-leading 76% EBITDA margin

e Penny stock under ₹10 | Q2 Results 2026: Shares of Orient Green Power Company Ltd witnessed strong buying interest during the Opening Bell on Thursday session. The penny stock under ₹10 opened higher at ₹9.42 per share on the NSE and touched an intraday high of ₹9.75 per share within a few minutes of the Opening Bell, logging an intraday rise of 4.50% against the previous ay's close of ₹9.32 per share. However, the penny stock failed to sustain at higher levels after the profit-booking trigger and retraced from the intraday high. By 12:45 PM, Orient Green Power Company share price was trading around ₹9.40 apiece, nearly one per cent above the previous day's close.

The company came under the radar of Dalal Street bulls after the announcement of Q2 Results 2026 and H-1 FY27 earnings during the Thursday morning dealings.

The penny stock under ₹10 with a market cap of ₹1,100 crore and a P/E ratio of around 17, declared a strong second-quarter number for the financial year 2026-27.

During the July to September 2026 quarter, the company posted 8% YoY growth in the total income to ₹147 crore. The company's EBITDA grew 12% YoY to ₹117 crore.

On account of Capacity additions and improved credit ratings, which helped sustain the same, the company posted H1 FY27 profit of ₹100 crore+ this year without the ₹16 crore one-time gain of last year.

Improved wind conditions during the quarter, coupled with incremental generation from recently commissioned capacities, offset the previous quarter’s deficit, leading to a marginal surplus.

Revenues and EBITDA for the half year were marginally better by 2% YoY and 4% YoY, respectively. Net Profit, however, was lower as the first half of the previous fiscal year had one-time exceptional income of ₹16 crore.

The company successfully commissioned a 17.6 MW solar plant; along with the already commissioned 7 MW solar plant, one of the rights issue objectives was fulfilled.

Repowering capex is approaching the final phase and will be commissioned…

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