Krystal Integrated Services Limited shares rose 2.5% on Friday, April 24, despite broader market weakness. According to reports from LiveMint, the stock peaked at ₹643 during intraday trading before settling at ₹588.70. This performance stood out against the backdrop of a significant market decline, with Sensex ending 1,000 points lower at 76,664.21 and Nifty 50 shedding 275.10 points to settle at 23,898. The market weakness was attributed to soaring crude oil prices and escalating US-Iran tensions in the Middle East.
The stock surge was triggered by the company's announcement of securing a ₹138 crore solar contract from the Maharashtra government. As reported by LiveMint, the contract was awarded to the company's associate, Advait Krystal Solar Energy SPV Private Limited, by the Directorate of Medical Education & Research (DMER), Maharashtra. The project involves designing, engineering, supplying, installing, testing, commissioning, synchronizing, and long-term operation and maintenance of rooftop solar photovoltaic systems across government hospitals and medical colleges in the state.
The contract will be executed under the Built-Own-Operate-Transfer (BOOT) model and spans 25 years. According to the company's exchange filing, Krystal Integrated holds a 49% stake in the associate company executing the project. The company clarified that the contract has been awarded in the ordinary course of business and does not involve any related party transactions. This marks a significant milestone as it expands the company's footprint beyond facility management services into the renewable energy space.
Despite the recent gains, the stock has shown mixed performance over different timeframes. As reported by LiveMint, the stock has advanced 9% in the last month but lost 2% in the past 3 months. Over the longer term, it has added 6.5% in the last 1 year. The stock has traded between its 52-week high of ₹729.75 in September 2025 and its 52-week low of ₹500 in January 2026.
