Veteran investor Vijay Kedia increased his stake in Websol Energy System during Q1FY27, acquiring over 3.4 lakh shares and raising his holding to 47.85 lakh shares (1.1%). According to reports from The Economic Times, the acquisition was made during the quarter, though the exact purchase price and transaction dates could not be ascertained. Based on the stock's previous closing price of ₹98.22 per share, his total holding in Websol Energy is valued at nearly ₹47 crore at the latest market price.
The solar stock has delivered exceptional returns over the long term, surging 1,080% over three years, despite experiencing a 28% decline in the past year. As reported by The Economic Times, Websol Energy currently has a market capitalisation of over ₹4,344 crore. Kedia was among the largest public individual shareholders in the company, ranking after Amit Mishra, and his name appeared in the company's March 13 shareholding data after the preferential allotment of warrants following a stock split.
According to The Economic Times, Websol Energy highlighted that India's solar manufacturing sector continues to benefit from strong structural tailwinds, including renewable energy targets, government initiatives such as PLI and ALMM, and rising domestic demand for high-efficiency solar products. The company noted that a strengthened manufacturing base, improving capacity utilisation and expansion plans position it well to capitalise on these opportunities. Kedia's name did not appear in the company's March 13 shareholding data, as companies disclose shareholder names only when holdings exceed 1%.
