Sensex Falls, Nifty Down Today, But This Small-cap Stock Under Rs. 200 Jumps Over 4%

The small-cap company Winsol Engineers Limited's stock has seen a sharp increase in value. The stock reached a high of Rs. 181.35, up over 4% on Tuesday. The surge follows the announcement of a new service order from Adani Green Energy, a subsidiary of the Adani Group.

The EPC, Operations, and Consultancy services company declared that it received a new service order worth more than Rs. 2.2 crore from Adani Green Energy. This order is expected to significantly enhance the company's customer base and contribute immensely to its business growth.

The company in a regulatory filing on National Stock Exchange (NSE) said, "We are pleased to inform you that our Company has received a new service order dated March 29, 2025, from Adani Green Energy Limited. The scope of work includes for receipt of materials, unloading, storage, and handling, erection, testing, and commissioning of a complete line, including civil works on a BOQ basis, for establishing 7 towers of 400KV Transmission Line work near KPS-01 for PSS-03 to PSS-13 Connection at Khavda, Gujarat. Contract value is amounting to be approximately ₹2,20,54,332."

"This order is expected to strengthen our customer base and contribute significantly to the Company's business growth," Winsol Engineers said.

Earlier On March 26, the small-cap firm announced that it had received two incremental purchase orders and two incremental work orders from Sembcorp Group. These amount to approximately Rs 2.71 crore for the supply of VG 64 and associated services for the Padardi and Piluda sites.

The company said, "Consequently, the total value of the orders now stands at approx. Rs 11.01 crore, exclusive of GST."

Winsol Engineers Stock Performance Today

Winsol Engineers is listed on the NSE Small and Medium Enterprise (SME) platform. As of 11:40 AM, the current share price stands at Rs. 178.00, showing a high of Rs. 7.15 (4.18%) from the previous close of Rs. 170.85. The stock opened at Rs. 174.00, reached a high of Rs. 181.35, and hit a low of Rs. 174.00 during the current trading session.

Winsol Engineers IPO:

The share price at Winsol Engineers' IPO was Rs. 75 when the company's shares were listed on May 14, 2024. During the listing day, with a significant increase, the share price reached Rs. 365 on the market. On the first day of trading, the shares jumped to Rs. 383.25. The IPO was oversubscribed by an unprecedented 682.14 times in total. The retail investors' component was 780.15 times oversubscribed, while the Non-Institutional Investors (NII) category was 1087.81 times subscribed. The Qualified Institutional Buyers (QIB) category received 207.23 subscriptions. Retail investors may only bid for one lot in the IPO, which consisted of 1600 shares.

Winsol Engineers' order book grew significantly during the fiscal year 2024-2025. Under the government's PM-Kusum Yojana, it even managed to win the 6.5 MW solar installation project.

Winsol Engineers Ltd offers integrated engineering, procurement, construction, and commissioning (EPCC) services for Balance of Plant (BoP) solutions in wind and solar power generation. The company operates in more than nine states across the country.