Should I invest in Surana Solar stock in India in 2025?

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At HelloSafe, our expert has been tracking the performance of Surana Solar for over three years. Every month, hundreds of thousands of users in India trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Surana Solar.

What is Surana Solar?

What Is the Price of Surana Solar Stock?

The price of Surana Solar stock is falling this week. As of now, it trades at ₹34.22, reflecting a 24-hour decrease of 0.73% and a weekly decline of 1.53%. The market capitalization stands at ₹168.38 crores, with a 3-month average daily volume of 155,800 shares. Surana Solar’s P/E ratio is 2,878, and the stock currently offers no dividend yield. Its beta is 0.8, indicating moderate volatility in the Indian market. Investors should be aware that while the sector is promising, Surana Solar’s performance has been volatile and demands close monitoring.

Our full analysis of the Surana Solar stock

We have reviewed Surana Solar's latest financial results, as well as the stock’s performance over the past three years. By integrating market data, technical indicators, and peer group analysis through our proprietary algorithms, we present a comprehensive assessment of this renewable energy player. So, why might Surana Solar stock once again become a strategic entry point into the Indian clean energy sector in 2025?

Recent performance and market context

Over the past year, Surana Solar’s share price has displayed notable resilience, closing recently at ₹34.22 despite a broader sectoral volatility, with the last 24 hours reflecting only a minor dip of 0.73% and a week-on-week move of -1.53%. Although the stock is down by 14% compared to the previous year, it stands out for its ability to capture investor attention with a three-month average daily volume of 155,800 shares—testament to ongoing market engagement. The recent approval of a strategic sale—49% of Surana Technologies to Baidyanath Power Private Limited—generates additional liquidity and focus for the core business. Macroeconomic and regulatory momentum for renewables in India has never been stronger, and significant government policy initiatives for domestic green equipment manufacturing provide an enabling context for further sector growth.

Technical analysis

From a technical perspective, Surana Solar has shown interesting signs despite a current downtrend. The Relative Strength Index (RSI) stands at 42.05, a neutral-to-oversold zone that hints at potential short-term accumulation. The MACD remains just negative (-0.3), suggesting proximity to a momentum reversal, especially as the price approaches a robust support band between ₹33.85 and ₹33.15. Notably, the stock trades below its 20-, 50-, 100-, and 200-day moving averages; however, this alignment frequently precedes bottoming-out phases in small-cap, high-beta tech stocks, especially when sectoral sentiment recovers. A breakout above the ₹34.55–₹35.25 resistance cluster could trigger a bullish reversal, making the current price zone an attractive accumulation point for forward-looking investors.

Fundamental analysis

On the fundamental side, Surana Solar’s story is one of operational transformation and high potential. Despite mixed short-term financials—including a Q4 FY25 bottom-line loss (net: -₹0.71 crore)—the company’s projected FY25 revenue growth is dramatic, with sales expected to more than double year-on-year to ₹39.98 crores. The firm operates with minimal long-term debt and maintains a foothold in several of India’s high-growth states, including Telangana, Gujarat, Maharashtra, and Uttar Pradesh. Its 12 MW manufacturing facility at Cherlapally and investments in mono PERC solar modules demonstrate a commitment to technological advancement and market-driven innovation. Although the current P/E ratio appears inflated (2,878) due to low trailing profits, this is not uncommon in small-cap emerging tech stocks that are making the transition from cash preservation to operational leverage. With robust expansion strategies in solar plant deployment and product innovation, the company’s fundamentals increasingly support the case for a valuation re-rating as profitability stabilizes.

Volume and liquidity

Steady volumes underscore sustained investor interest: the stock’s three-month average liquidity offers a reliable trading environment even amidst market swings. While Surana Solar’s public float is relatively high, it allows for dynamic repricing on enhanced newsflow and phase transitions in market sentiment. Put simply, the stock’s liquidity profile supports both tactical entry and exit strategies, a major asset in India’s fast-evolving renewable energy sector.

Catalysts and positive outlook

The catalysts for upside in Surana Solar are numerous and well-supported by both company and sector developments. Strategically, the recently announced asset sales sharpen operational focus and generate fresh capital for expansion. The company’s footprint across multiple Indian geographies, coupled with a near debt-free balance sheet, lays a secure groundwork for future growth. Sector-wide, the Indian government is rolling out ambitious incentives for domestic clean energy manufacturing. If current forecasts are realised, the local PV module market could nearly double by 2032—providing tailwinds to front-runners like Surana Solar. Beyond production, the company’s embrace of the latest PV technology (notably mono PERC and high-efficiency modules) positions it to outpace less nimble rivals as the market pivots towards next-gen solar solutions and ESG compliance becomes a mainstream investor focus.

Investment strategies

Multiple strategies make sense for Surana Solar at this juncture. Short-term traders may find opportunity as the stock hovers near technical lows and as any bullish divergence in RSI/MACD could act as a catalyst for a sharp bounce. Medium-term investors could benefit from the stock’s sensitivity to sector rallies, regulation-driven re-rating or an inflection in quarterly earnings—especially considering the company’s ability to deliver triple-digit annual growth. Long-term buyers may value Surana Solar’s leadership in manufacturing scale, technological adaptation, and operational focus; as the Indian solar push accelerates, these strengths may underpin superior compounding returns over the next decade. Current price levels, just above key support, appear optimal for phased accumulation, particularly as the management’s strategic focus and market expansion begin to bear fruit.

Is it the right time to buy Surana Solar?

Surana Solar’s strengths are clear: a scalable and innovative business model, formidable exposure to one of the world’s fastest-growing clean energy markets, a lean balance sheet, and a management team proactive in asset optimization and technological adoption. Even as interim financial results show volatility, the dual engines of national policy support and rapid sector growth seem to justify renewed optimism for the stock’s value proposition. With new projects in the pipeline, robust fundamentals, and a technical setup that hints at reversal, Surana Solar seems to represent an excellent opportunity for those seeking risk-adjusted exposure to India’s solar revolution. For investors confident in India’s renewable energy ambitions and ready to navigate market fluctuations, Surana Solar may well be entering a new bullish phase. This stock rewards patience and vision, and for those who act strategically, the upcoming quarters could mark the beginning of a significant upward journey.

How to buy Surana Solar stock in India?

Buying Surana Solar stock online is convenient and secure through a regulated broker in India. Investors can choose between traditional spot buying, where you own real shares, or CFD trading, which allows for leveraged exposure. Both options provide flexibility for your investment approach—whether long-term holding or active trading. For those ready to get started, check out our detailed broker comparison further down the page to choose the platform best suited to your needs.

Spot buying

A cash purchase of Surana Solar stock means you become the legal owner of company shares, stored in your demat account. You pay the share price at the current market rate plus a typical fixed commission per order—around ₹400 for most brokers.

Gain scenario

If the Surana Solar share price is ₹34.22, you can buy around 29 shares with a $1,000 (approx. ₹83,000) stake, including a brokerage fee of about $5 (approx. ₹415).

If the share price rises by 10%, your shares are now worth $1,100.

Result: +$100 gross gain, i.e. +10% on your investment.

This straightforward method appeals to investors looking to benefit from long-term growth and any future dividends.

Trading via CFD

CFD trading on Surana Solar shares lets you speculate on price movements without actually owning the stock. You put up a margin and can use leverage, but should factor in the cost of the spread and overnight financing charges if holding positions beyond a day.

Gain scenario

You open a CFD position on Surana Solar shares, with 5x leverage and a $1,000 (approx. ₹83,000) stake.

This gives you a market exposure of $5,000.

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

CFDs are attractive for active traders seeking higher returns, but they also carry greater risks, including amplified losses.

Final advice

Before investing in Surana Solar, it’s important to compare the fees and features offered by different brokers, as costs can vary and impact your returns. The right method—spot buying or CFDs—depends on your investment goals, risk tolerance, and trading style. For a complete broker comparison, see the table below and make an informed choice that fits your objectives.

Our 7 tips for buying Surana Solar stock

The latest news about Surana Solar

Surana Solar maintains its operational focus on the Indian market with active local manufacturing. The company continues production of photovoltaic modules at its Cherlapally, Hyderabad facility, with 12 MW installed capacity and is directly involved in solar power project development across Telangana, Maharashtra, Gujarat, and Uttar Pradesh, reinforcing its presence in key Indian solar markets.

Strategic divestment of Surana Technologies advances capital allocation for new solar projects. Surana Solar formally completed the sale of 49% stake in its subsidiary Surana Technologies to Baidyanath Power Private Limited for ₹2.04 crores, unlocking value and enabling greater focus on core module manufacturing and implementation of its 54 MW Maharashtra solar project partnership.

Long-term revenue growth projection for FY2025 remains robust despite recent short-term setbacks. While financial results for the latest quarter reveal short-term losses, Surana Solar forecasts a 111.94% year-on-year revenue rise for FY2025 (₹39.98 crores vs ₹18.86 crores in FY2024), largely attributable to the scaling of new projects across multiple states and increased domestic demand.

Indian policy initiatives continue to support the expansion of domestic solar manufacturing. Government-driven efforts to boost local production of green energy equipment and additional sector incentives strengthen Surana Solar’s strategic positioning, providing tailwinds for technology adoption and future capacity upgrades.

Market demand for photovoltaic modules in India is forecast to nearly double by 2032. Sector outlook remains fundamentally strong; with projections indicating the domestic PV module market will grow from $8.83 billion in 2025 to $16.90 billion in 2032, Surana Solar is well placed to capture a share of this rising market given its established manufacturing and expanding project portfolio.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.