7 hrs ago
Pace Digitek Shares Jump 11% as BESS Order Highlights Growth
Pace Digitek's share price rose sharply on Thursday.
It reached ₹178 before falling back somewhat.
Analysts said ₹178 to ₹180 is an important level the stock must cross to keep rising.
They also said support could appear between ₹155 and ₹160 if the price falls.
Some indicators still show that the stock's larger trend is weak.
Separately, the company's subsidiary won a ₹488.46 crore order for battery storage equipment.
The project will be built for NTPC GE Power Services at the Barh Super Thermal Power Project.
Pace Digitek is also expanding its battery-storage manufacturing capacity and services.
Pace Digitek shares rose more than 11% on Thursday, 1 October, despite a largely flat market.
The stock reached ₹178 intraday, which analysts identified as a key resistance area linked to major moving averages.
Analysts said a sustained move above ₹178–₹180 could support gains toward ₹185, ₹190, or ₹200.
Technical indicators remain cautious, with the stock below key weekly moving averages and MACD below zero.
Lineage Power secured a ₹488.46 crore BESS order from NTPC GE Power Services for a project due by 31 December 2026.
- Who
- Pace Digitek, its subsidiary Lineage Power Private Limited, and technical analysts Rajesh Bhosale and Sudeep Shah.
- What
- Pace Digitek shares jumped more than 11%, while Lineage Power secured a ₹488.46 crore battery energy storage system order.
- Where
- The order concerns a battery energy storage system project at the Barh Super Thermal Power Project, NTPC Stages I and II.
- When
- The share-price move occurred on Thursday, 1 October; the project is scheduled for completion by 31 December 2026.
- Why
- The articles report the share-price movement and the company's recent order and battery-storage expansion, but do not establish that the order directly caused the rise.
Potential Upside
Technical Caution
Near-term price direction
Potential Upside
A decisive and sustained break above ₹178–₹180 could extend the recovery toward ₹185 and ₹190, while ₹200 is another resistance target.
Technical Caution
The stock cooled from ₹178, has faced resistance near its 50-day EMA, and remains below key weekly moving averages.
Momentum and broader trend
Potential Upside
The stock has recovered from its mid-September lows and gained over the past week, two weeks, and month.
Technical Caution
The stock remains down 18.50% over three months, and its MACD remains below zero, indicating that momentum has not yet strengthened.
Key facts
- Share-price move
- More than 11% rise on Thursday, 1 October
- Intraday range
- Opened at ₹165.15 and reached ₹178
- Key resistance
- ₹178–₹180, according to technical analysis
- Technical support
- Analysts identified support zones around ₹155–₹160
- Order value
- ₹488.46 crore, including GST
- Order recipient
- NTPC GE Power Services Private Limited
- Project deadline
- 31 December 2026
- Manufacturing capacity plan
- Pace Digitek plans to increase BESS capacity to 10 GWh by Q3 FY2027
Sources
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