India's Saatvik Green Energy rises after securing order to supply solar PV modules

Saatvik Green Energy

10/04/2026 05:20

** Shares of Saatvik Green Energy SAAT.NS rise 7.7% to $452.80, extending gains for a third consecutive session

** The solar energy products maker on Thursday got an order worth 1.08 billion rupees ($11.68 million) to supply solar PV modules

** SAAT says order will be executed by September 2026

** Separately, the company says CFO Abani Kant Jha has resigned from his position to pursue other opportunities

** SAAT trades at a forward 12-month P/E of 11.58, below the industry median of 14.61

** YTD, stock up 16.3%

($1 = 92.4850 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))