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Vikram Solar Ltd is one of India’s leading solar energy companies, specializing in the manufacturing of high-efficiency solar panels and providing solar energy solutions. Established in 2006, the company is committed to promoting sustainable energy through innovative solar technologies. Vikram Solar Share Price on NSE as of 3 October 2024 is 169 INR. Here will provide you more details on Vikram Solar Share Price Target 2024, 2025, 2026 to 2030.

Vikram Solar Ltd: Market Overview

• Open Price: ₹170.10
• High Price: ₹173.50
• Low Price: ₹168.30
• Previous Close: ₹173.60
• Volume: 24,438
• Value (Lacs): ₹41.30
• VWAP: 170.38
• UC Limit: ₹202.95
• LC Limit: ₹135.35
• 52 Week High: ₹235.10
• 52 Week Low: ₹98.90
• Mkt Cap: 529Cr
• Face Value: ₹10

Vikram Solar Competitors

Here are three competitors of Vikram Solar Ltd along with their approximate market capitalizations:

1. Tata Power Solar Systems Ltd
   • Market Capital (Tata Power): ₹87,000 crore
     Tata Power Solar, a subsidiary of Tata Power, is one of the largest integrated solar companies in India, competing with Vikram Solar in the solar energy sector.
2. Adani Green Energy Ltd
   • Market Capital: ₹1,70,000 crore
     Adani Green Energy is a leading renewable energy company with a strong presence in solar power, making it a major competitor to Vikram Solar.

3. Renew Power

   • Market Capital: ₹60,000 crore (estimated for its parent company)
     Renew Power is a significant player in the renewable energy space, with solar power being a key focus area, making it a competitor to Vikram Solar.

Vikram Solar Share Price Chart

Vikram Solar Share Price Target Tomorrow 2024 To 2030 (Prediction)

Vikram Solar Share Price Target 2024

Vikram Solar share price target 2024 Expected target could be ₹240. Here are 3 key factors that could affect the growth of Vikram Solar’s share price target for 2024:

• Government Policies and Incentives: Vikram Solar’s share price could benefit from favorable government policies such as subsidies, tax incentives, or renewable energy mandates aimed at promoting solar power. Any changes in policy or new incentives for green energy in India could positively impact the company’s growth.
• Expansion of Solar Projects: If Vikram Solar can successfully expand its domestic and international projects, increasing its market share in the solar industry, this could drive revenue growth, boosting investor confidence and share price in 2024.

• Technological Advancements and Cost Efficiency: Improvements in solar panel technology and cost reductions in production will enable Vikram Solar to stay competitive in the market. Innovations in efficiency, durability, or energy storage solutions could improve profit margins and enhance share price performance.

Vikram Solar Share Price Target 2025

Vikram Solar share price target 2025 Expected target could be ₹480. Here are 3 key factors that could affect the growth of Vikram Solar’s share price target for 2025:

1. Global Demand for Solar Energy: With the increasing focus on sustainable energy, the global demand for solar power is expected to rise. If Vikram Solar can capture a larger share of the international market, it could boost revenues and positively impact the share price by 2025.
2. Strategic Partnerships and Collaborations: Partnerships with other renewable energy companies or governments for large-scale solar projects could play a crucial role in driving Vikram Solar’s growth. Collaborations that enhance technological capabilities or market access may contribute to share price appreciation.

3. Supply Chain and Raw Material Costs: Fluctuations in the cost and availability of raw materials, such as silicon for solar panels, and other supply chain challenges, could impact profitability. Efficient management of these factors will be essential to support consistent growth and improve the company’s valuation in the stock market by 2025.

Vikram Solar Share Price Target 2030

Vikram Solar share price target 2030 Expected target could be ₹1457. Here are 3 key factors that could affect the growth of Vikram Solar’s share price target for 2030:

1. Technological Advancements in Solar Energy: Innovations in solar technology, such as more efficient photovoltaic cells or energy storage solutions, could significantly enhance Vikram Solar’s competitiveness. Being a leader in cutting-edge solar technologies would likely drive long-term growth and positively influence the company’s share price by 2030.
2. Expansion into Global Markets: A successful international expansion strategy could be crucial for Vikram Solar’s growth. Penetrating new markets, especially in developing regions with high solar energy potential, would contribute to increased revenues and drive share price appreciation over the long term.

3. Government Policies and Renewable Energy Incentives: The direction of government policies and incentives, both in India and globally, will play a key role in the solar energy sector’s growth. Favorable regulations, subsidies, or tax incentives for renewable energy projects could enhance Vikram Solar’s financial performance and boost investor confidence, positively affecting its stock price by 2030.

Vikram Solar Ltd Shareholding Pattern

• Promoter: 65.9%
• FII: 0%
• DII: 0%
• Public: 34.1%
• Others: 0%

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