Ahasolar Technologies' stock is trading at Rs. 356.05, marking an increase of 6.05 points or 1.73% from its previous close of Rs. 350.00 on the BSE.
The stock opened at Rs. 367.50, hitting a high and low of Rs. 367.50 and Rs. 356.05, respectively. A total of 7,600 shares have been traded so far.
With a face value of Rs. 10, the stock 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. Over the past week, the stock has fluctuated between a high of Rs. 367.50 and a low of Rs. 332.00. The company's market capitalization stands at Rs. 110.36 crore.
Promoters hold a 36.95% stake in the company, while 63.05% is owned by non-institutional investors.
Ahasolar Technologies has secured a major contract to develop a digital ecosystem for the Government of India's "PM Surya Ghar: Muft Bijli Yojana," the world's largest rooftop solar initiative. The contract, to be completed by March 2025, is part of a project to solarize one crore homes across India, led by the Ministry of New and Renewable Energy's designated agency, REC.
The company will create a comprehensive digital platform to streamline the solar installation process for residential users, integrating state DISCOM portals for net metering, load approvals, and inspections. The platform will also support a broad range of stakeholders, including vendors, service providers, and financial intermediaries, and manage subsidies efficiently at the national level.
Ahasolar Technologies focuses on CleanTech, driving the energy transition through digital solutions, helping stakeholders embrace renewable energy.