Solar Industries India

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Solar Industries India’s share price rose 2% to ₹ 12,244, ending a five-day decline after receiving a ₹ 1,746-crore order from Coal India. The total orders from Coal India now amount to ₹ 2,229 crore.

Solar Industries share price were down 2.41 per cent on Thursday, meanwhile, Acme Solar, Inox Green shares were trading flat. Other solar stocks like Vikram Solar were also trading in red despite government cuts tax rate on renewable energy equipment to 5%.

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The Nifty 50 ended the session with a decline of 0.47% at 25,355 points, while the S&P BSE Sensex fell 0.35% to 83,245 points. The broader markets also closed in red, with the Nifty Midcap 100 and Nifty Smallcap 100 each losing 0.30%.

After the receipt of the Pinaka order, the stock has jumped 2x from its 52-week low of ₹ 8,482.50 on 28 February.

Solar Industries India shares faced profit booking for the second day on July 2, opening at ₹ 17,205.25 before dropping 1.6% to ₹ 16,918.15. The stock has declined nearly 4% over two sessions amid a weak market.