Synopsis:
Plutus Wealth Management LLP bought 20 lakh shares of Vikram Solar for Rs. 70.47 crore on the NSE.
A Solar PV Manufacturer company is in the spotlight today after large bulk deal transactions were completed on the stock exchanges on August 26. These variations show how the market and investors felt about the significant buying and selling that took place during that time.
With a market capitalization of Rs. 13,094.16 crore, Vikram Solar Limited is trading at Rs. 362.2, up by 1.63 percent from its previous close of Rs. 356.40 per equity share.
What’s the deal?
According to the latest bulk deal data on NSE, Plutus Wealth Management Llp purchased 20 lakh shares at an average price of Rs. 352.33, making a total investment of about Rs. 70.47 crore (equivalent to a 0.55 percent stake).
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About the company
Vikram Solar Limited, incorporated in 2005, is a leading solar PV module manufacturer with operations in module production, EPC services, and O&M solutions. It manufactures advanced PV modules including PERC, TOPCon, and HJT, available in both bifacial and monofacial variants.
With manufacturing facilities in West Bengal and Tamil Nadu, the company has a strong domestic presence across 23 states and 3 union territories through a wide distributor-dealer network, and serves major government bodies like NTPC and NLC as well as private IPPs such as ACME. As of March 31, 2025, it employs 1,612 staff and 974 contractual workers.
With a price range of Rs. 315 to Rs. 332 per equity share, Vikram Solar Limited launched its initial public offering (IPO). The subscription period was open from August 19 to August 21, 2025.
On August 26, 2025, the company’s shares went public on the BSE and NSE platform, initially trading for Rs. 338 each. This indicated investor interest and represented a listing gain of Rs.6 over the upper end of the issue price.
It is trading at a price-to-earnings (P/E) ratio of 93.9, which is higher than the industry average of 39.9. A return on equity (ROE) of about 16.6 percent and a return on capital employed (ROCE) of about 26.4 percent demonstrate the company’s financial position.
Written by Akshay Sanghavi
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