Pace Digitek shares jumped over 11% on October 1, with gains of 1.80% in a week and 10.75% in two weeks. According to reports from LiveMint, the stock opened at an intraday low of ₹165.15 on the BSE and touched a high of ₹178 per share. However, the stock has remained down 18.50% over the past three months. Technical analysts note that the stock faces resistance around ₹178 and crucial support at ₹160. The stock now trades well below its 52-week high of ₹231.95, reflecting the recent volatility in the battery energy storage sector.
Recently, Pace Digitek's material subsidiary, Lineage Power Private Limited (LPPL), secured an order worth ₹488.46 crore, including GST, from NTPC GE Power Services Private Limited (NGSL) for a Battery Energy Storage System (BESS) project at Barh Super Thermal Power Project (STPP), NTPC Stages I and II. As reported by LiveMint, the order includes supply, testing, erection supervision and commissioning of BESS containers, along with Battery Management Systems (BMS) and Energy Management Systems (EMS). It covers five years of annual maintenance services (AMC) and an additional seven-year extended warranty for the battery containers, with completion scheduled by 31 December 2026. The order also includes 12 years of maintenance and warranty cover, bringing recurring revenue potential after delivery.
According to LiveMint reports, Rajesh Bhosale, Technical Analyst at My Advisor Alpha, noted that the ₹178 level coincides with the 200-day SMA, making it a key hurdle for the stock. A sustained break above ₹178 could trigger the next leg of the upmove, with ₹200 emerging as the next key resistance. Sudeep Shah, Vice President – Technical and Derivatives Research at SBI Securities, identified the ₹178–₹180 zone as immediate resistance, with a decisive breakout potentially extending towards ₹185 and ₹190 in the short term. On the downside, ₹160 is identified as important support. The stock now needs to hold gains ahead of its 50-day and 200-day averages, both near ₹182 in late September.
As reported by LiveMint, the order marks another step in Pace Digitek's strategy to build an integrated energy platform, with LPPL developing a product-led BESS business spanning manufacturing, product supply, system integration and lifecycle support. The company operationalised 2.5 GWh of BESS manufacturing capacity in 2025 and subsequently expanded it to 5 GWh. It plans to further increase capacity to 10 GWh by Q3 FY2027 and has delivered BESS containers representing more than 1.5 GWh of capacity to date. The company expects these efforts to support deeper customer engagement and diversify its energy business over time.
