Vijay Kedia was one of the largest public individual shareholders in the company, after Amit Mishra, according to data on Websol’s shareholding pattern as of March 31, 2026, which was released on Tuesday. Notably, Kedia’s name was not present in the company’s shareholding pattern data as of March 13, which was released last month after a preferential allotment of warrants following a stock split.
At the stock’s previous closing price of Rs 97.09 apiece on NSE, Kedia’s holding of 44.44 lakh shares would be worth more than Rs 43 crore. The exact price at which the veteran market investor may have bought the shares is unknown. Also, it is important to note that companies are required to disclose shareholders’ names in the shareholding pattern only when their total stake crosses 1%. This means that it is not possible to ascertain whether Kedia added the stock to his portfolio in March or simply bought more shares to his existing holding.
Websol share price
Kedia’s purchase of shares in the company boosted investor confidence in the stock, which has surged around 21% in just two days, 22% in one week and more than 39% in a month. The stock is up nearly 21% in 2026 so far, but is down more than 35% in one year.
In the longer term, the shares of the company have jumped 1,247% in three years and more than 2,360% in five years. The shares of the company surged 10% today to trade at Rs 106.79 apiece. The sharp gains over the two days have added nearly Rs 782 crore to the total market capitalisation of the company, taking it to Rs 4,507 crore.
Websol to announce dividend
Additionally, the company announced that its board of directors will meet on April 27 to consider and approve Q4 results, along with a final dividend, which, if approved, will be the first such announcement in nearly 17 years. The company had last announced a dividend for its shareholders in September 2009.Websol Energy System is an India-based manufacturer specialising in photovoltaic crystalline solar cells and modules, with a manufacturing facility in Falta, West Bengal. Its products are used for solar energy panels in both commercial and industrial applications in India and abroad. The company has a reputation for producing reliable, high-quality solar products and has received various international certifications. The small-cap company currently has a market capitalisation of nearly Rs 3,970 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)