Alpex Solar got a big order due to which the stock rose, know whether you will also get profit by investing?

This Solar Energy Company Secures Major Order and Sees Stock Surge

Alpex Solar Limited, a leading solar company in India, experienced a significant boost in its stock price, closing at ₹946.90 on November 6 and rising to ₹954 on November 7. This marks the third consecutive session of hitting the upper circuit limit, driven by strong market demand rather than recent corporate announcements.

About Alpex Solar Limited

Founded in 1993, Alpex Solar specializes in manufacturing high-quality monocrystalline and polycrystalline solar panels. With a capacity of 450 MW, the company serves both B2B customers and larger corporations. It also provides engineering, procurement, and construction (EPC) services, having installed over 4,000 solar water pumps across India.

Recent Order and Expansion Plans

The company recently secured a ₹277.19 crore order from a prominent PSU, complementing an earlier order of ₹247.96 crore, bringing the total contract value to ₹525.15 crore. This project is expected to be completed by June 2025. Furthermore, Alpex plans to expand its operations by establishing a 1.6-gigawatt solar cell plant in Mathura, Uttar Pradesh, anticipated to be completed in phases by 2026.

Financial Performance Overview

With a market cap of ₹2,317.4 crore, Alpex Solar boasts a return on equity (ROE) of 26% and a return on capital employed (ROCE) of 27%. The stock has remarkably surged over 300% from its 52-week low of ₹235 per share, attracting attention from investors and brokerage firms alike.