Websol Energy Shares Surge Following Vijay Kedia's Stake Acquisition
Websol Energy hits the roof as Kedia entry lifts sentiment
Business Standard
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Websol Energy System's shares surged by 10% to ₹106.53 after investor Vijay Kedia disclosed a 1.02% stake in the company. This marks a 21% increase over two days, driven by positive sentiment. The company also reported a 56.4% rise in net profit for Q3 FY26.
- 01Websol Energy's stock hit the upper circuit at ₹106.53, a 10% increase.
- 02Vijay Kedia acquired a 1.02% stake, boosting investor sentiment.
- 03The stock has risen 21% in the last two sessions.
- 04Websol's Q3 FY26 net profit increased by 56.4% year-on-year.
- 05The company will consider a dividend for the first time since 2009.
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Websol Energy System's stock reached the upper circuit limit of 10%, closing at ₹106.53 on Thursday, marking a 21% increase over the past two days. This surge follows the revelation that prominent investor Vijay Kedia holds a 1.02% stake in the company, acquired in March. Kedia's name was not listed in previous shareholding data, suggesting this could be a new investment or an increase in an existing position. Over the past month, the stock has appreciated by 39.18% and 42.31% over three months, although it remains down 30.22% year-on-year. Websol Energy, based in India, specializes in manufacturing photovoltaic crystalline solar cells and related modules. The company reported a standalone net profit of ₹64.98 crore for Q3 FY26, up 56.4% from ₹41.56 crore in Q3 FY25, with revenue from operations rising 77.2% year-on-year to ₹261.02 crore. The board will meet on April 27, 2026, to discuss Q4 results and a potential dividend, which would be the first since September 2009.
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The rise in Websol Energy's stock price may encourage more investors to consider the company, potentially leading to increased market activity and investment in renewable energy sectors.
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