India GDP Growth 2026: Economy Beats Forecasts with Strong 7.7% Expansion in FY26; Q4 Grows 7.8%

  India has once again showcased its economic resilience. The country recorded a robust 7.7% GDP growth in fiscal year 2025-26 (FY26), surpassing both the previous year’s 6.5% and the government’s Second Advance Estimate of 7.6%. This performance reaffirms India’s position as the world’s fastest-growing major economy despite global headwinds like geopolitical tensions and volatile crude oil prices. According to provisional estimates released by the Ministry of Statistics & Programme Implementation (MoSPI) on Friday, the Indian economy continues to demonstrate strong momentum. Key Highlights of India’s FY26 GDP Numbers Annual GDP Growth : 7.7% in FY26 (up from 6.5% in FY25) Q4 FY26 Growth : 7.8% (steady from the previous quarter) Real GDP Level : ₹323.12 lakh crore in FY26, compared to ₹299.89 lakh crore (First Revised Estimate) in FY25 Real Gross Value Added (GVA) : Expanded by 7.9% for the full year Nominal GVA : Grew 9.1% in FY26 Q4 GVA Performance : Real GVA a...
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Servotech Power Shares Bounce Back 3% to ₹97.95 After Bagging ₹73.7 Cr Rooftop Solar Order from Andhra Pradesh

In a classic case of “bad news forgotten, good news celebrated,” Servotech Power Systems Ltd staged a smart intraday recovery on November 19, 2025, after announcing a major rooftop solar order win. The stock, which had slipped over 4% in early trade amid broader small-cap pressure, pared most losses and closed up 3.12% at ₹97.95 on the NSE.

The trigger? A fresh ₹73.70 crore order from the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to install grid-connected rooftop solar power plants across the state.

What’s in the Order?

  • Project Value: ₹73.70 crore
  • Scope: Design, supply, installation, and commissioning of rooftop solar systems
  • Reach: 5,886 rural and semi-urban households across Andhra Pradesh
  • Timeline: Expected completion within the current financial year
  • Funding: Under the renewable energy and PM Surya Ghar Yojana initiatives

This is Servotech’s second big-ticket order from Andhra Pradesh in the last six months, reinforcing its strong foothold in one of India’s most aggressive solar states.

Why the Market Loves This Update

  1. Revenue Visibility Boost The order adds nearly 8–9% to Servotech’s FY25 executed order book (₹850+ crore as of Q2). With an execution cycle of 9–12 months, a large chunk of this will flow into FY26 revenue.
  2. Margin-Friendly Segment Rooftop solar EPC contracts under government schemes typically deliver 12–15% EBITDA margins – much healthier than some of the company’s high-volume, low-margin EV charger orders.
  3. Policy Tailwind Intact The Centre’s PM Surya Ghar Muft Bijli Yojana continues to drive state-level tenders. Andhra Pradesh alone targets 10 GW of decentralized solar by 2030, translating into a multi-year opportunity pipeline for players like Servotech.
  4. Diversification Pays Off While Servotech is best known for its EV charging infrastructure play (it’s one of India’s largest manufacturers with over 2,500+ chargers deployed), solar now contributes 35–40% of its order book – a perfect hedge against any slowdown in EV adoption pace.

Technical Snapshot & Levels to Watch

  • 52-week high: ₹209.60 (Jan 2024)
  • 52-week low: ₹72.20
  • Current price: ₹97.95 (up 3.12% today)
  • 200-DMA: ~₹115 (acting as strong resistance)
  • Support zone: ₹88–92

The stock has been consolidating in the ₹85–110 band for the past four months. A sustained move above ₹105 with volumes could trigger the next leg toward ₹130–140 in the medium term.

The Bigger Picture for Solar + EV Theme

Servotech sits at the sweet spot of two megatrends:

  • Rooftop solar (government push + falling panel prices)
  • EV charging infrastructure (FAME extension expectations + 30% CAGR industry growth)

With an order book-to-market cap ratio of over 1.8x and debt almost negligible, the company remains one of the cleaner ways to play the renewable + EV infrastructure theme at reasonable valuations (currently trading at ~4.5x sales on TTM basis).

Final Takeaway

Today’s sharp reversal shows that quality order wins still matter – even in a choppy small-cap market. For investors with a 12–18 month view, every dip toward ₹85–90 continues to offer an attractive risk-reward in Servotech Power.

Will the stock finally break out of its range on the back of consistent execution? The coming quarters will tell. One thing’s clear: the Andhra rooftop solar order just gave the bulls fresh ammunition.

Disclosure: Not a buy/sell recommendation. Please consult your financial advisor.

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