Sanghvi Movers Stock Gains Over 3% on Order Win

Mumbai, September 16, 2025 – The shares of Sanghvi Movers Limited (NSE: SANGHVIMOV, BSE: 530073) rose by 3.19% and reached ₹383.50 (before consolidating a bit) in early trade on Tuesday. The investors showed strong buying interest in the share after the company announced acquiring fresh large-scale renewable energy orders worth ₹292 crore. The stock opened higher than the previous close (₹371.65) and touched an intraday high (so far) of ₹390.10 during the first few minutes of trading.

Stock Price Movement

By 11:00 AM, the share consolidated a bit and was trading at ₹377.70 (1.63% higher than the previous close) as the profit booking got the better of the early morning gains. The high-low ratio at the time was ₹390.10 and ₹376.05. The stock has gained significant momentum in the past month and has surged more than 13.15% in the period. The company’s P/E ratio is 24.25 compared to the industrial average of 40.40.

Trigger for the Rally

The most critical factor for the rally is the announcement of fresh contracts (including the company’s subsidiary) Sangreen Future Renewable Pvt Ltd, which secured fresh wind Balance of Plant (BOP) project orders worth ₹292 crore from independent power producers. The contracts cover a wide scope of work, including civil foundations, internal roads, crane platforms, installation and mechanical completion of wind turbine generators, as well as electrical line and yard works. Project execution will begin in Q2 FY26 and is expected to conclude by Q1 FY27.

Outlook

The order win strengthens Sanghvi Movers’ renewable energy presence and is expected to boost near-term revenue visibility, which investors have responded to with increased optimism.

Sanghvi Movers Limited is one of India’s largest crane rental companies, specialising in medium- to large-size hydraulic and crawler cranes. The company plays a key role in infrastructure, wind energy, power, and industrial projects by providing lifting solutions and project execution support across sectors.

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