23 Jul 2024

Ahasolar Technologies Secures Work Order from GEDA, Stock Hits Upper Circuit

Ahasolar Technologies is currently trading at its upper limit of Rs. 442.25 on the BSE, marking a rise of 5.00% or 21.05 points from its previous close of Rs. 421.20.

The stock opened at Rs. 442.00 and fluctuated between a high of Rs. 442.25 and a low of Rs. 442.00. To date, 12,800 shares have been traded.

This BSE group 'M' stock, with a face value of Rs. 10, has seen a 52-week high of Rs. 657.75 on March 5, 2024, and a 52-week low of Rs. 207.00 on December 6, 2023.

In the past week, the stock's high and low were Rs. 442.25 and Rs. 373.05 respectively. The company’s current market cap stands at Rs. 136.31 crore.

Promoters hold a 36.95% stake in the company, while non-institutional investors hold 63.05%.

Ahasolar Technologies has secured a consultancy contract from the Gujarat Energy Development Agency (GEDA) for a feasibility and site survey of solar rooftop systems on government buildings in Gujarat. This consultancy service is valued at approximately Rs. 8 crore and is expected to be completed in nine months.

Ahasolar Technologies specializes in CleanTech, facilitating energy transition through digital transformation, and encouraging stakeholders to adopt renewable energy solutions.