Worldwide, there are many disastrous signs killing hundreds and thousands of precious lives because of climate change. Hence, along with many countries, India has committed to reducing carbon emissions by 50% before 2030 and 100% by 2050. Using solar energy instead of burning fossil fuels to generate electricity is one of the significant ways to do it. Vikram Solar is the pioneer in developing solar energy and the largest solar module manufacturer in capacity with 3.5 GW producing capability. Also started in 2006, it has grown to become the second largest company to make solar energy in India by revenue. Hence, the unlisted Vikram Solar share price has risen in recent years and risen over Rs. 125 in the last four months, from around Rs.185 in April 2024 to Rs. 325 in July 2024.
So, check out the many reasons for the soaring Vikram Solar share price and the many reasons to buy at current levels of around Rs. 275 to reap huge profits.
Eight reasons to buy Vikram Solar at current share price
The sun has abundant sources of energy that can light up the entire world for billions of years, but it needs the best solar companies. NASA confirms that solar energy from the sun can help over 44 million solar companies produce electric power. So is the return from buying the Vikram Solar share price at current levels for the following reasons.
- Vikram Solar is planning an IPO soon to raise funds from the public and expand its ambitions, including increasing its solar energy-producing capacity.
- For funding the integrated solar module and cell manufacturing unit in Tamil Nadu to increase the capacity by a further 2,000 MW
- Because of financing the corporate needs and growing export of solar modules and others to many countries in 6 continents
- Not only for being the pioneers in producing solar power but also the largest in terms of capacity and second largest in terms of revenue
- For having excellent engineering capabilities to make high-efficiency PV modules for the past 17 years
- To increase the presence from over 30 countries and open offices there to increase business and profit.
- Favoring market conditions as most of the indexes cut all-time highs in the past seven months several times continuously
- For availing many discounts from the many GOI or Government of India schemes to increase the solar energy business and profit
The above facts and reasons will convince you to buy the unlisted Vikram Solar share price at current levels for safe, high returns and the soul satisfaction of saving Mother Earth. Stockify provides exclusive access to pre-IPO and unlisted shares, offering investors early opportunities in high-growth companies. With tailored investment strategies and insights, Stockify helps you diversify your portfolio and capitalize on promising private equity ventures.