Saatvik Green Energy shares surge 10% after Rs 1,041 crore SECI order

Shares of Saatvik Green Energy surged as much as 10% during Wednesday’s trading session, touching an intraday high of Rs 428.25, after the company announced a major solar module supply order from the Solar Energy Corporation of India (SECI).

The company said it has been awarded and accepted an order from SECI for the supply of Solar PV Modules, with an aggregate contract value of Rs 1,041.63 crore.

The order, awarded by the domestic entity, is commercial in nature and is scheduled to be executed by December 2027.


The development marks a significant order win for Saatvik Green Energy as demand for solar photovoltaic modules continues to expand alongside India's renewable energy capacity additions.

According to the company’s disclosure, neither the promoter/promoter group nor group companies have any interest in SECI, and the contract does not fall under related-party transactions.

Share price, valuation and technical indicators

Currently, it is trading at a market capitalisation of around Rs 5,339 crore. Today, the stock touched an intraday high of Rs 428.25 and gained 10%. Despite the sharp move, the stock remains well below its 52-week high of Rs 580.

On the valuation front, Saatvik Green Energy has a P/E ratio of 20.29, a Price-to-Sales (P/S) ratio of 1.05, and a Price-to-Book (P/B) ratio of 3.70.

Technical Indicators: The stock is currently trading above 5 of its 8 key Simple Moving Averages (SMAs). However, it is trading below its 50-day, 100-day and 150-day SMAs.

Institutional Holding: During the June 2026 quarter, FIIs' holdings increased from 0.03% to 0.19%. Mutual Fund holdings also rose, increasing from 10.10% to 10.48% during the same quarter.

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