The worst seems to be over for SWSOLAR ! CMP 250

Technical Analysis:

Currently taking support at .78 fib we can expect a bounce from here or may consolidate for a while before making any further move.

Expecting this to be a multibagger, looking at the order book and backing of RIL group

In the Q4 FY2024 earnings call, the company reported total order inflows of approximately ₹6,023 crores, marking a 37% increase compared to the previous fiscal year. Notably, Sterling and Wilson secured international orders from Spain and Italy after a three-year hiatus, aligning with their strategy to mitigate risks associated with module price fluctuations.

These developments indicate a robust order pipeline and strategic international expansion, potentially enhancing the company's revenue streams and market position in the renewable energy sector.