Amp Energy on Friday announced its foray into solar cells and modules manufacturing, unveiling its plan to set up a joint venture with Websol Energy Systems.

Amp Energy India enters solar cell manufacturing; partners with Websol

″Amp Energy India... has announced a joint venture (JV) with Websol Energy Systems Ltd for manufacturing and production of up to 1.2 GW monocrystalline PERC solar cells and modules,″ a company statement said.

Amp Energy India enters solar cells manufacturing ; forms JV

Websol Energy Systems hit an upper circuit limit of 10% at Rs 108.50 after the company said it has entered into a term sheet for establishment of a joint venture with AMP to manufacture and produce solar cells in West Bengal.

Websol Energy Systems hits the roof on signing JV term sheet

Websol Energy Standalone June 2022 Net Sales at Rs 3.24 crore, down 92.47% Y-o-Y

RBL Bank has been put on the list of banned securities under the F&O segment for Thursday trading as it has crossed 95% of the market-wide position limit. Websol Energy System and Consolidated Construction Consortium will be declaring their June quarter results and thus will be in focus.

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The board has constituted a Rights Issue Committee to decide on the terms and conditions of the issue.

Websol Energy System board nods rights issue to raise Rs50cr

Cybertech Sys, Websol Energy, Rama Steel Tubes, HB Stockholding and MPS Infotecnics, hit their fresh 52-week highs at 10:50AM.

Stock market update: Stocks that hit 52-week highs on NSE

Ortin Laboratories Ltd, Global Vectra Helicorp Ltd, Websol Energy System Ltd and Hindustan Fluoro Carbons Ltd are among the other gainers in the BSE’s ‘B’ group today, 17 December 2021.

Bhartiya International Ltd leads gainers in ‘B’ group

Global Vectra, Websol Energy, Borosil L, Gyscoal Alloys and Country Club Hospit, hit their fresh 52-week highs at 10:44AM.

Glassware and renewable energy players were in demand on the Street. Borosil hit the upper circuit, whereas Websol Energy spiked. NDTV was back in action. Among the losers, IIFL wealth gave up 7 per cent following a bulk deal of shares.

Biggest gainers and losers of the day: Borosil zooms 20%, Nectar Life bleeds

Borosil L, Nitco, Websol Energy, BCL Industries and Ginni Filaments, hit their fresh 52-week highs during the day.

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Websol Energy System Limited is a manufacturer of photovoltaic monocrystalline solar cells and modules in India.