Newly-listed shares Vikram Solar, Anlon Healthcare, Vikran Engineering rise up to 10%; here's why

Shares of newly-listed companies Vikram Solar, Anlon Healthcare and Vikran Engineering gained up to 10 percent in Monday’s trade amid high volumes.

Vikram Solar rose 9.73 percent to Rs 354.25 after the company secured an order from L&T Construction for the supply of 336 MW of high-efficiency solar modules to be deployed at Khavda in Gujarat.

The modules, part of its Hypersol G12R series based on N-type technology, are designed to improve performance in high temperatures and reduce year-on-year degradation.

Commenting on the development, Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said, "The region holds immense potential for solar energy, and this project will play a pivotal role in harnessing that opportunity. Each project we deliver is a testament to the trust placed in Vikram Solar’s technology, performance, and commitment to excellence."

The stock was listed at Rs 338 on August 26, a premium of 1.81 percent over its issue price. The company had fixed the price band at Rs 315-332 per share and raised Rs 621 crore from anchor investors ahead of the issue.

Vikram Solar shares list at 2% premium over IPO price on NSE

Vikran Engineering gained 9.34 percent to Rs 103.78 on high volumes. The shares made their debut on September 3 at Rs 99 apiece, a little over 2 percent higher than the IPO price of Rs 97.

Anlon Healthcare advanced 1 percent to Rs 93. The scrip was listed on September 3 at Rs 92 per share, about 1 percent higher than its issue price of Rs 91.Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.