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Vikram Solar Limited (VIKRAMSOLR) rises 5% intraday

Vikram Solar Limited (NSE: VIKRAMSOLR) moves up 5% intraday to ₹194.1, showing a recovery from breakdown but still consolidating down.

abhinav tiwari

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Vikram Solar Limited VIKRAMSOLR rises 5% intraday

Vikram Solar Limited (VIKRAMSOLR) climbed +5% to ₹194.1 on the NSE today, recovering from a breakdown and consolidating down. The move follows the company’s announcement of a Certificate under SEBI (Depositories and Participants) Regulations, 2018, which may have provided a short-term catalyst. Despite the intraday gain, the stock remains in a consolidating down phase within a 6-month trend, indicating a weak structure. Vikram Solar operates in the solar technology sector, and today’s move appears to be more company-specific rather than driven by broader sector momentum.

Technical setup — trendlines & DMA

The current 6-month trendline structure shows VIKRAMSOLR consolidating down with support at ₹186.25, which is 4.04% below today’s price, and resistance at ₹211.34, which is 8.88% above. The stock is currently 10% below its 50-day moving average (DMA) of ₹203.5 and 21.06% below its 200-DMA of ₹232.7, indicating a bearish trend. VIKRAMSOLR is trading in the lower third of its 52-week range, 13% above the 52-week low and 52.4% below the 52-week high, suggesting that much of the downside risk may already be priced in, but significant upside potential remains untapped.

6M Trendline — Intraday Snapshot
CONSOLIDATING DOWN₹180₹190₹200₹210₹22013 Apr13 May10 Jun9 Jul

Snapshot: ₹194.10 on 2026-07-09 (chart frozen at publication)

Fundamentals & business context

With a PE ratio of 13.7 and profit margins at 9.8%, VIKRAMSOLR’s valuation appears reasonable given its robust revenue CAGR of 32.3% and profit CAGR of 219.0% over the past five years. The market seems to be pricing in the company’s strong growth trajectory, though the thin profit margins suggest that there is limited room for error. Institutional ownership stands at a modest 4.3%, indicating a cautious approach by institutional investors. There was no specific NSE catalyst today beyond the SEBI certificate announcement, which likely provided a minor boost to sentiment.

VIKRAMSOLR
Holdings Analysis
Key strengths & risk signals
63
Overall
80
Fundamental
47
Technical
Risks (4)
LOW MARGIN! 6.8% profit margin - thin profits.
POOR YEAR! Stock declined 54.5% in the last year.
WEAK POSITION! Current price (143.3) is below both moving averages.
WEAK! Trading at 0.1% of 52W range - near yearly lows.
Strengths (4)
UNDERVALUED! PEG of 0.06 indicates stock is cheap relative to growth.
OVERSOLD! RSI at 22.0 - potential bounce opportunity.
BULLISH SENTIMENT! In last 30 days: 10 up days, 20 down days. Avg volume on up days: 1,836,259 vs down days: 1,728,731. Ratio: 1.06x
MARKET ALIGNED! Beta of 1.00 - moves with the market.

Algorithmic scorecard

The overall algorithmic scorecard reflects a balanced but cautious view of VIKRAMSOLR, with strong fundamental signals offset by weaker technical indicators. The two strongest fundamental signals are the excellent revenue and profit CAGRs, indicating robust growth, and the very low debt levels, which suggest strong financial health. On the flip side, the two weakest signals are the low profit margin of 9.8%, which leaves little room for error, and the negligible dividend yield, offering little income to investors. The technical picture is similarly mixed, with a bearish trend signaled by the 50-DMA being below the 200-DMA, and the stock trading well below both moving averages. However, the stock is approaching oversold territory with an RSI of 38.6, which could indicate a potential reversal in the near term.

Fundamental & Technical AnalysisNSE: VIKRAMSOLR
63Overall
80Fundamental
47Technical
Growth Quality30 / 30
Revenue CAGR: 32.3% (EXCELLENT, 15/15). Profit CAGR: 219.0% (EXCELLENT, 15/15).
Profit Margin3 / 10
LOW MARGIN! 6.8% profit margin - thin profits.
PEG Valuation10 / 10
UNDERVALUED! PEG of 0.06 indicates stock is cheap relative to growth.
Dividend Yield3 / 10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt / Equity10 / 10
VERY LOW DEBT! D/E of 0.22 - excellent financial health.
Public Holding14 / 20
MODERATE PUBLIC HOLDING! 28.59% public ownership - balanced ownership structure.
Stability10 / 10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Moving Averages5 / 10
BEARISH TREND! 50-day average (166.4) is below 200-day average (193.6) - negative signal.
Price Position2 / 10
WEAK POSITION! Current price (142.3) is below both moving averages.
Trend Pattern10 / 20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance0 / 10
POOR YEAR! Stock declined 54.5% in the last year.
Volume Sentiment20 / 30
BULLISH SENTIMENT! In last 30 days: 9 up days, 21 down days. Avg volume on up days: 1,792,381 vs down days: 1,721,080. Ratio: 1.04x
RSI5 / 5
OVERSOLD! RSI at 21.3 - potential bounce opportunity.
52W Range1 / 5
WEAK! Trading at 0.6% of 52W range - near yearly lows.
Momentum1 / 5
NEGATIVE MOMENTUM! Price declined across timeframes - down 7.8% (1 week), 14.6% (1 month), 30.0% (3 months).
Beta / Volatility3 / 5
MARKET ALIGNED! Beta of 1.00 - moves with the market.

Company outlook

Management provided a bullish outlook for FY27, expecting to produce 8 gigawatts, with 2 gigawatts on DCR and 6 gigawatts on non-DCR. EBITDA per watt peak is expected to be between INR1.75 to INR2 for non-DCR volumes. Utilization levels are projected to be 65% to 70% for modules and 70% to 75% for cells. EBITDA is expected to range between 1,500 to 1,600 crores, marking a 74% increase over FY26. The company plans to scale module manufacturing capacity to 15.5 gigawatts, commission a 9-gigawatt TopCon cell plant by Q4 FY27, and add a 6-gigawatt wafer and ingot facility by FY29. By FY30, Vikram Solar aims to achieve 15 gigawatt-hour BESS capacity. The company will maintain a disciplined mix of debt and equity for capex programs, keeping interest and debt service coverage ratios above 2.5 and net-debt-to-equity below 1.5.

Get all details on VIKRAMSOLR — P&L, peers, shareholding and more on TradeAlone.

PREMIERENE

Premier Energies Limited (premierene) Secures ₹ 4,001 Crore Orders in Q2 FY 2027

Premier Energies Limited (NSE: PREMIERENE) secures new orders worth ₹4,001 crore in Q2 FY 2027, signaling robust growth and expansion in solar cell and modul.

Deputy Editor, Equities for tradealone

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Premier Energies Limited NSE Premierene Q2 FY27 Orders

Premier Energies Limited (NSE: PREMIERENE) has announced securing new orders worth ₹4,001 crore in the July-September quarter of FY 2027. These orders, coming from major power producers, module manufacturers, EPC companies, and other customers, are for a mix of solar cell and module supplies totaling 2,308 MW and EPC project execution. This strong order inflow supports the company’s growth as it continues to expand its manufacturing capabilities.

Manufacturing Capacity Expansion

The company’s total module manufacturing capacity has nearly doubled to 11.1 GW, while the solar cell manufacturing capacity has increased from 3.6 GW to 10.6 GW following the commissioning of a 7 GW TOPCon solar cell manufacturing facility last month at Naidupeta, Andhra Pradesh. Premier Energies Limited is now setting up 10 GW ingot-wafer manufacturing capacity for backward integration and 12 GWh battery container manufacturing capacity for diversifying its product portfolio.

Market Validation

Commenting on the development, Mr. Chiranjeev Saluja, Managing Director, Premier Energies, said: “Our growing order book is a strong validation of our growth strategy and execution ability. The Indian solar market is extremely demanding with customers looking for scale, bankability, and latest technology. As India’s largest integrated solar manufacturer, we are ready to serve the needs of customers across market segments.”

Premier Energies Limited is a publicly listed company and one of India’s leading integrated solar manufacturers. With more than 30 years of solar manufacturing expertise, the company is known for its focus on technology innovation, sustainability, and an employee-centric culture. Premier Energies manufactures high-efficiency solar cells and modules as well as a full range of power transformers.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Premier Energies Limited

Premier Energies Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

PREMIERENE
Technology › Solar
—
66
Fundamental
62
Technical
64
Overall

1W +1.97%
1M -8.25%
3M -19.86%
P/E: 24.1 Cap: Large
AI-Powered Analysis • TradeAlone
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Premier falls 19.9% over three months and has not found a floor yet. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 50% of its 52-week range with RSI at 42. In other words, neither side has a clear edge right now. Revenue grows at 76.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Premier Energies Limited.

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Solar

Solex Energy Limited Secures ₹194.14 Crore Combined Work Orders for Topcon Solar PV Modules

Solex Energy Limited and its subsidiary Solex Green Energy secure ₹194.14 crore combined work orders for TOPCon solar PV modules in October 2026.

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Solex Energy Limited SOLEX Secures ₹194.14 Crore Work Orders October 2026

Solex Energy Limited (NSE: SOLEX) and its wholly owned subsidiary, Solex Green Energy Private Limited, have secured two work orders aggregating to ₹194.14 crore, inclusive of applicable taxes, for the supply of advanced TOPCon solar PV modules to domestic entities operating in the power and electricity sector. Solex Green Energy Private Limited has secured a work order valued at ₹180.98 crore for the supply of TOPCon Bifacial Glass to Glass (G2G) Solar PV Modules. Separately, Solex Energy Limited has secured a work order valued at ₹13.16 crore for the supply of TOPCon Bifacial Glass to Glass Solar PV Modules. Together, the two orders reinforce the growing business momentum across the Solex Group and strengthen its position as a reliable supplier of high performance solar PV modules for India’s expanding renewable energy ecosystem.

Significant Growth in Order Pipeline

The orders also add to the Group’s order pipeline as Solex continues to scale its manufacturing capabilities and expand its presence across the solar value chain. The company’s state-of-the-art facilities in Surat, Gujarat, focus on advanced manufacturing processes, quality systems, and product reliability. These certifications and listings reinforce the Company’s focus on maintaining stringent quality, safety, and performance standards across its product portfolio.

Expanding Manufacturing and Market Reach

With close to three decades of presence in the solar sector, Solex has developed partnerships across utility, commercial, industrial, and public sector installations in India and international markets. Under its Vision 2030 roadmap, Solex is focused on expanding manufacturing scale, strengthening quality and technology capabilities, enhancing export readiness, and developing a skilled sector workforce. As the Company and its subsidiary continue to expand their presence across the renewable energy value chain, they remain focused on delivering reliable, high efficiency solar solutions and supporting India’s transition towards a cleaner energy future.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solex Energy Limited

Solex Energy Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

SOLEX
Technology › Solar
CONSOLIDATING DOWN
78
Fundamental
58
Technical
68
Overall

1W -4.07%
1M -10.05%
3M -35.51%
P/E: 8.7 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Solex drops 32.2% over three months and trades near its 52-week lows. The PEG of 0.04 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 2% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 115.5% and profits at 228.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 32.2% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Solex Energy Limited.

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Solar

Solex Energy Limited (solex) Secures ₹75.96 Crore Work Order for 620 Wp N-type Topcon Solar PV Modules

Solex Energy Limited (NSE: SOLEX) secures ₹75.96 crore work order for 620 Wp N-Type TOPCon solar PV modules, reinforcing its position in the renewable energy.

kuldeep yadav tradealone

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Solex Energy Limited NSE SOLEX Secures ₹75.96 Crore Order

Solex Energy Limited (NSE: SOLEX) has announced securing a work order worth ₹75.96 crores from domestic entities in the power/electricity sector. This order includes the supply of N-Type TOPCon G12R Glass-to-Glass Solar PV Modules rated at 620 Wp. The contract value is ₹75.96 crore, inclusive of all applicable duties and taxes.

Strengthening Market Position

This order further strengthens Solex Energy’s position as a trusted manufacturing partner for large-scale renewable energy projects. It reflects the growing confidence of energy developers in the company’s advanced manufacturing capabilities and high-performance photovoltaic technologies.

High Efficiency and Durability

The 620 Wp N-Type TOPCon G12R Glass-to-Glass modules are designed to deliver high power output, enhanced durability, and reliable long-term performance, making them well suited for utility-scale and other demanding solar applications. The modules are manufactured at Solex’s state-of-the-art facilities on the outskirts of Surat, Gujarat.

Solex continues to strengthen its manufacturing capabilities, quality systems, and product portfolio to serve customers across domestic and international markets. With nearly three decades of expertise, Solex remains committed to advancing high-quality solar manufacturing and contributing to India’s clean energy transition.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solex Energy Limited

Solex Energy Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

SOLEX
Technology › Solar
CONSOLIDATING DOWN
78
Fundamental
58
Technical
68
Overall

1W -4.07%
1M -10.05%
3M -35.51%
P/E: 8.7 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Solex drops 36.7% over three months and trades near its 52-week lows. The PEG of 0.04 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 2% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 115.5% and profits at 228.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 36.7% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Solex Energy Limited.

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