India's GK Energy rises after about $48 million order win

Waaree Energies

27/08/2026 05:10

** Solar-powered pump systems maker GK Energy's GKEN.NS  shares rise 7.2% to 143.5 rupees 
** Co receives order worth 4.55 billion rupees ($47.7 million) 
** Order for design, engineering, supply, installation, testing and commissioning of grid connected rooftop solar PV systems
     ** GKEN's return on equity stands at 37.3%, compared with 31.6% for peer Waaree Energies WAAN.NS - LSEG data
** Stock holds trailing 12 month PE of 11.98 vs industry median of 14.15
** YTD, GKEN down 5.83%


($1 = 95.4400 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))