Heavy Buying Alert: Solar Stock Hit Back-To-Back Upper Circuits; Signed Power Purchase Agreement with Saffron Enclave Pvt Ltd
The stock is up by 30 per cent from its 52-week low of Rs 207 per share.
On Wednesday, shares of AHAsolar Technologies Limited hit a 5 per cent upper circuit to Rs 269.50 per share from its previous closing of Rs 256.70 per share. The stock’s 52-week high is Rs 657.75 per share and its 52-week low is Rs 207 per share. The shares of the company saw a spurt in volume by more than 3 times and in recent trading sessions, the stock has been hitting back-to-back upper circuits.
AHAsolar Technologies Limited has signed new long-term Power Purchase Agreement (PPA) with Saffron Enclave Private Limited, Kolkata for the development of 100 KW solar PV power plant to sell electricity for 20 years under the Independent Power Producer (IPP) business vertical. The solar power plant is to be developed at Gurgaon, Haryana.
Earlier, AHAsolar Technologies and MCS Cargar joined forces to accelerate India's shift towards a sustainable future. This strategic partnership combines AHAsolar's solar energy expertise with Cargar's electric vehicle charging innovations. AHAsolar's AI-powered platforms streamline solar adoption, while Cargar's portable, solar-integrated fast chargers reduce reliance on grid power. Together, they've launched co-branded EV charging solutions like the Sole Solar charger, offering flexible and cost-effective charging options. This collaboration aligns with India's renewable energy and EV goals, reducing carbon emissions and fostering sustainable growth. By integrating solar power and EV charging infrastructure, AHAsolar and Cargar are building a future where clean, renewable energy powers the cars of tomorrow.
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AHAsolar Technologies Limited is engaged in the business of cleantech enabling energy transition through digital transformation. The company has a market capitalisation of over Rs 80 crore. The stock is up by 30 per cent from its 52-week low of Rs 207 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.