Winsol Engineers Sees Stock Surge After Major Contract Win
In a significant boost for Winsol Engineers, the company’s share price experienced a notable increase of over 5% after securing a lucrative contract exceeding ₹5 crore from the Gujarat Energy Transmission Corporation Limited. The SME stock rose as much as 5.36%, reaching ₹184.50 per share on the NSE SME, marking a positive turn for the company.
New Work Order Details
On March 18, 2025, Winsol Engineers announced via a regulatory filing that it had received a work order amounting to ₹5.83 crore (approximately ₹58.36 million). This contract involves the laying, erection, testing, and commissioning of 66kV 1C, 300 sqmm and 1C, 630 sqmm XLPE cables for various lines within the Rajkot Zone. The initial letter of intent was dated March 15, 2025, and official communication from Gujarat Energy was received a couple of days later.
Project Timeline and Expectations
The contract stipulates that the work is to be completed within 24 months from the acceptance letter’s date. Winsol Engineers expressed optimism about this new order, stating, “This work order is expected to strengthen our customer base and contribute significantly to the company’s business growth.”
Stock Performance Insights
Despite this positive news, Winsol Engineers’ stock has faced challenges recently. Over the past month, the share price has dropped by 14%, and it has declined 37% over the last three months. Year-to-date, it is down more than 22%.
The company made a remarkable debut in the stock market back in May 2024, with shares listed at ₹365, representing a 386% premium over its issue price of ₹75. Following its debut, the stock peaked at a 52-week high of ₹592.00 on June 18, 2024, but has since experienced a steep decline, hitting a 52-week low of ₹162.00 on March 17, 2025.
Current Trading Status
As of 1:50 PM, Winsol Engineers’ shares were trading 2.86% higher at ₹180.10 on the NSE SME, reflecting a slight recovery amidst ongoing market fluctuations.
With the new contract in hand, stakeholders are hopeful that Winsol Engineers can regain momentum and reverse the downward trend in its stock price. For investors, the upcoming months will be crucial in monitoring the company’s performance and any further developments in its projects.
