India's Saatvik Green rises as Motilal Oswal starts with 'buy'

Saatvik Green Energy

15/07/2026 06:48

** Shares of Saatvik Green Energy SAAT.NS climb 3.3% to 481.05 rupees
** Motilal Oswal starts coverage with "buy" and 565 rupees PT, implying an upside of 17.5% to SAAT's current price
** PT higher than Ambit Capital's target of 520 rupees, with Ambit being the only other brokerage tracking the stock  - SEG-compiled data
** SAAT's module and cell manufacturing capacities should reach 8.8 GW and 2.4 GW, respectively, by FY27, Motilal estimates
** Adds, co's plans to enter the ingot-wafer segment with a proposed capacity of 6 GW by FY29 will strengthen backward integration strategy
** YTD, stock up about 28%
     

(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))