Shares of gained 1.78 per cent on Monday to close at Rs 1,015.45. However, the stock remains down 23.79 per cent on a year-to-date basis.

The solar cell and panel manufacturer reported a strong performance for the September quarter (Q2 FY26). Consolidated net profit rose 72 per cent year-on-year (YoY) to Rs 353.4 crore, up from Rs 205.9 crore in the year-ago period (Q2 FY25). Revenue from operations increased 20.3 per cent to Rs 1,836.8 crore. EBITDA jumped 47.4 per cent to Rs 560.7 crore, while operating margins improved to 30.53 per cent from 25 per cent a year earlier. Advertisement

Nomura India observed that although order inflows surged 227 per cent YoY, the company's operational performance fell short of expectations. The brokerage added that the upside for the stock appears limit

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