Shares of Saatvik Green Energy opened sharply higher on Wednesday, October 8, tracking significant orders received by the company. Early trade saw the stock hitting a 52-week high, reflecting strong market sentiment around its solar energy business.
At 09:17 am, the stock was quoted at ₹470.85, up ₹10.55 or 2.29% on the BSE, continuing its positive momentum from the previous session.
Market Performance
- Previous Close: ₹460.30, up ₹6.85 (+1.51%)
- Opening Trade: ₹470.85 (+2.29%)
- 52-Week High: ₹474.85
- Market Capitalisation: ₹5,984.74 crore
The early gains demonstrate investor optimism following the company’s new order wins, which are set to bolster its solar module supply business in FY26.
Main News
The positive opening comes after Saatvik Green Energy’s subsidiary, Saatvik Solar Industries, secured significant solar module orders:
- Orders from Independent Power Producers/EPCs: ₹219.62 crore from three reputed clients
- Additional Orders: ₹488 crore from other leading independent power producers/EPCs
- Execution Timeline: All orders to be executed in FY26
These orders highlight the company’s expanding footprint in the renewable energy sector, particularly in solar PV modules, and underline its growing pipeline of projects.
Company Details
Saatvik Green Energy is a prominent player in India’s renewable energy sector, focusing on:
- Manufacturing and supplying solar PV modules
- Partnering with independent power producers (IPPs) and EPC contractors
- Strengthening India’s clean energy infrastructure with innovative solar solutions
The company continues to leverage its expertise and project execution capabilities to secure large-scale orders, driving growth and market confidence.
A board meeting is scheduled today, October 8, to consider and approve standalone and consolidated unaudited financial results for Q1 FY26, which may provide further insights into the company’s performance trajectory.
Summary
Saatvik Green Energy’s share price gained more than 2% in early trade on October 8, driven by major solar module orders totaling ₹707 crore. The stock’s rise to a 52-week high reflects strong investor confidence in the company’s renewable energy business.
With a market capitalisation of nearly ₹5,985 crore, Saatvik Green Energy continues to demonstrate the potential of India’s growing solar sector, combining robust order inflows with steady operational performance.
