27 Sep 2024

Ahasolar Technologies Secures Rs 65 Lakh Contract, Shares Rise

Ahasolar Technologies' stock is currently trading at Rs 337.00, marking a rise of 2 points or 0.60% from its previous close of Rs 335.00 on the BSE. The stock opened at Rs 335.00, reaching a peak of Rs 344.20 and a low of Rs 335.00 during the day, with a total of 2,400 shares exchanged.

The stock, categorized in the BSE 'M' group with a face value of Rs 10, hit 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. Over the past week, the stock's highest point was Rs 351.00, while its lowest was Rs 333.00. The company's current market capitalization stands at Rs 106.09 crore.

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

Ahasolar Technologies has secured a work order valued at Rs 65 lakh for providing technical support and IT assistance for the National Portal under the PM Surya Ghar: Muft Bijli Yojana, which includes grievance management services. The contract, awarded by REC, a Maharatna company and the National Programme Implementation Agency (NPIA) for the scheme, is set to be completed within 9 months.

Ahasolar is actively involved in CleanTech, facilitating energy transition through digital solutions, promoting renewable energy adoption among stakeholders.