New Delhi, Aug. 21 -- Shares of Saatvik Green Energy closed Friday's session 4.5% higher at Rs.419 apiece, as investors reacted positively to the company's latest order win, which boosted its revenue visibility. The rally also marked the stock's biggest single-day gain in over a month and helped trim its monthly losses to 3.3%.

The company, in a post-market filing on Thursday, announced that its material subsidiary, Saatvik Solar Industries, had secured an order worth Rs190 crore for the supply of solar PV modules from a renowned independent power producer (IPP)/EPC player.

This marked the second major order win for the company in recent weeks. Last week, the subsidiary secured an order worth Rs.476 crore from Vikran Engineering for the...