Solarworld Energy Solutions saw its shares climb more than 14% early Monday, sparked by a big new order from NTPC Renewable Energy.
Key numbers from the trade
- Stock rose 14.51% to an intraday high of Rs 303 per share.
- Later settled around Rs 288.10, still up 8.88%.
- The jump follows a Rs 725 crore contract to build a 250 MW solar project.
- Despite the rally, the share price is about 25% lower than its debut level on September 30.
What the NTPC order means
NTPC Renewable Energy awarded Solarworld a contract worth Rs 725 crore to develop a 250 MW solar power plant. Such a large order signals confidence in Solarworld’s ability to deliver big projects and can boost its revenue pipeline.
Why the stock moved
Investors quickly bought the shares after the announcement, pushing the price up sharply. The initial gap‑up opened the market at the 14.51% higher level, and buying pressure kept the stock elevated throughout the session.
What investors should watch
- How quickly Solarworld can start the 250 MW project and meet milestones.
- Any further order wins that could reinforce growth momentum.
- Overall market sentiment toward renewable‑energy stocks, which can affect price stability.
Disclaimer
Remember, this is perspective, not a prediction. Do your own research or consult a certified financial advisor before making any investment decisions.