India's Solex Energy rises after securing orders worth about $8 million
03/09/2026 06:02
BUZZ-India's Solex Energy rises after securing orders worth about $8 million ** Solar photovoltaic modules maker Solex Energy's SOEX.NS shares rise 3.4% to 737.2 rupees
** Company receives work orders totaling 747.7 million Indian rupees ($7.91 million) for the supply of solar PV cells
** Stock trades at a trailing 12 month PE of 18.32 vs industry median of 18.67 - data compiled by LSEG
** Solex's return on equity stands at 47.06%, compared with 31.57% for peer Waaree Energies WAAN.NS
** YTD, SOEX down 40.4%, while WAAN falls 13.4%
($1 = 94.4775 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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