India's Saatvik Green Energy advances on nearly $20 million order win
21/08/2026 08:56
BUZZ-India's Saatvik Green Energy advances on nearly $20 million order win ** Solar products maker Saatvik Green Energy's SAAT.NS shares rise around 4% to 417.35 rupees
** Co receives order worth 1.90 billion rupees ($19.85 million) to supply solar photovoltaic modules made by its subsidiary
** Order to be executed by March 2027 - Co
** Earlier this week, brokerage Ambit Capital said it expects co's Q2 volumes to improve, but margins to remain under pressure as geopolitical tensions persist
** SAAT trades at forward 12-month PE of 11.03 vs industry median of 17.09 - LSEG data
** YTD, stock up 10.8% vs 9.2% decline in peer Waaree Energies WAAN.NS
($1 = 95.7350 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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