Saatvik Green Energy Limited has secured a ₹1,041.63 crorder

Saatvik Green Energy Limited has secured a ₹1,041.63 crore order from Solar Energy Corporation of India for 600 MWp of solar PV modules, with execution scheduled through December 2027. The order is significant because it adds visibility to Saatvik's domestic module pipeline and strengthens its exposure to government-backed solar demand. The company currently has a 4.86 GW module manufacturing facility in Ambala and is also developing additional capacity in Odisha. My view: the order is positive for the business, but the stock has already reacted sharply. It touched ₹428.25 intraday on September 16 after closing at ₹389.55 on September 15. would avoid chasing the initial spike. For a technical setup, ₹428 to ₹435 is the immediate resistance zone, while ₹400 is the first level to watch on any pullback. A sustained move above ₹435 with volume would improve the technical structure. A break below ₹400 would weaken the setup. Call: Watch for a breakout above ₹435 or a controlled pullback towards ₹400. Risk management remains important after a sharp news-led move. Disclosure: I have no holding or position in Saatvik Green Energy Limited at the time of writing. !KARMAENG