Shares of Vijay Kedia-backed Websol Energy jumped 45% in six days. What is the reason for the rally?

Shares of solar cell maker WebSol Energy Systems jumped 5% in the upper circuit for a third straight session on Wednesday, gaining 45% in six days as strong quarterly earnings and fresh buying by top investor Vijay Kedia boosted investor sentiment.

On Wednesday morning, the company’s share was trading at Rs 128.31. It is to be noted that on March 9 this year per share Rs. After touching a 52-week low of 50.40, the stock has rallied 155% in less than two months.

WebSol Energy’s Strong Q4 Earnings

The company on Monday announced its results for the January-March quarter of FY2026. Net profit grew 158% YoY to Rs 125 crore in Q4 FY26 from Rs 48 crore in Q4 FY25. Meanwhile, the firm’s income from operations grew by 132% during the quarter under review to Rs. 401 crore, as compared to Rs. 173 crores.

Sequentially, the solar module maker’s net profit reported in the October-December quarter of the same financial year was Rs. 65 crore has increased by 92%. Revenue grew 54% quarter-over-quarter (QoQ).

India’s solar manufacturing sector continues to benefit from strong structural tailwinds, including ambitious renewable capacity targets, supportive government policies such as PLI and ALMM, and growing domestic demand for high-efficiency solar products, WebSol said in a media release. “With a strong product base, improving utilization levels and a clear roadmap for expansion and integration, WebSol is well positioned to take advantage of these opportunities,” the release added.

Commenting on the performance, Managing Director Sohan Lal Aggarwal said ‘FY26 has been a landmark year for Websol as the commissioning of Cell Line-2 has not only increased the company’s capacity but also strengthened the core strength of the business.

Vijay Kedia buys shares of Websol Energy

The stock recently grabbed headlines after top investor Vijay Kedia bought shares in the company, as recent data on the company’s shareholding pattern showed.

According to Websol’s shareholding pattern data as on March 31, 2026, Vijay Kedia was one of the largest public individual shareholders of the company after Amit Mishra. Notably, Kedia’s name did not appear in the company’s shareholding data until March 13, which was published after the preferential allotment of warrants.

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The previous closing price of the stock on NSE was Rs. 122.20 per share, Kedia’s holding of 44.44 lakh shares was valued at Rs. 54 crore will be more. It is unknown at what price a seasoned market investor would have bought the shares. Also, it is important to note that companies are required to disclose the names of shareholders in the shareholding pattern only when their total stake exceeds 1%. This means it is not possible to ascertain whether Cadia added stocks to its portfolio in March or bought more shares to its existing holdings.

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