Sellers accounted for nearly 72 per cent of total traded quantity, with over 10.67 lakh shares changing hands and a traded value of ₹149.38 crore.
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Shares of Sterling and Wilson Renewable Energy Limited fell sharply on Thursday, dropping 7.31 per cent to ₹221.90 on the NSE by 2 PM, even as the company reported its highest-ever Unexecuted Order Value (UOV) of approximately ₹13,000 crore for the first quarter of FY27, the highest since the Covid period.The stock opened at ₹241.76 and hit a low of ₹218.79 during the session, with sell-side pressure heavily dominant. Sellers accounted for nearly 72 per cent of total traded quantity, with over 10.67 lakh shares changing hands and a traded value of ₹149.38 crore.The quarter’s headline win was a 50-50 joint venture deal worth approximately USD 560 million for the West Minya Solar Power Project in Egypt’s Minya Governorate. The project involves a 1,000 MW-AC solar PV plant integrated with a 600 MWh battery energy storage system and is among Egypt’s largest planned utility-scale renewable developments.On the financial side, the company reported 36 per cent year-on-year growth in profit after tax (PAT) for Q1 FY27. Operations and maintenance revenue grew 40 per cent year-on-year as the O&M portfolio expanded. Term debt declined sequentially by approximately ₹160 crore through scheduled repayments. The domestic EPC order book stood at roughly ₹7,900 crore, with gross margins holding at 9–10 per cent.The company’s bid pipeline stands at over 27.7 GW across solar, wind, battery storage, and third-party O&M segments.Despite the strong operational numbers, the stock remains 32.63 per cent lower over the past year and trades well below its 52-week high of ₹341. The market’s muted response suggests investors may be waiting for order conversion to reflect more clearly in revenue figures.Published on July 16, 2026
