Shares of Vikram Solar plunged around 11% on Friday after the company reported an 85% year-on-year decline in Q1 net profit to Rs 20 crore. Investor sentiment was further hit after US President Donald Trump imposed a 15% tariff on products made from polysilicon, a key raw material used in semiconductors and solar panels.
The stock fell to a fresh lifetime low of Rs 155.38 apiece on the NSE after the company announced its April–June quarter (Q1 FY27) results on Thursday.