Stock market today: Solar Stock Fujiyama Power Systems Hits 10% Upper Circuit Ahead of Budget 2026

Market Performance: Solar Stock Locks Upper Circuit in Early Trade

The solar stock Fujiyama Power Systems grabbed market attention on Sunday morning. The stock moved sharply higher, reaching its 10% upper circuit, reflecting strong buying interest.

The share price opened at ₹208, compared to its previous close of ₹198.90. Within a short span, it surged to ₹218.75, its upper circuit level for the session.

As of around 9:55 am, the stock was trading at ₹210.05, up 5.6%. During the same time, the broader market remained steady, with the Sensex up 0.08% at 82,339.

The timing of the move mattered. The rally came ahead of Finance Minister Nirmala Sitharaman’s Budget 2026 speech, keeping renewable energy stocks firmly in focus.

Q3 Earnings Trigger Sharp Reaction in Fujiyama Power Systems

The immediate trigger behind the stock’s move was the company’s December quarter (Q3FY26) financial performance, announced on January 31.

Fujiyama Power Systems reported a strong year-on-year jump across key financial metrics, reflecting improved operational performance during the quarter.

Key Q3FY26 Financial Highlights

• Net Profit:

  • ₹673 million

  • Up 124.3% YoY from ₹300 million

• Revenue from Operations:

  • ₹5,885 million

  • Up 73.8% YoY

• EBITDA:

  • ₹1,099 million

  • Up 110.1% YoY

• EBITDA Margin:

  • 18.7%, up from 15.5% YoY

• PAT Margin:

  • 11.4%, up from 8.9% YoY

The sharp improvement in profit and margins played a central role in driving the stock’s price movement during the session.

Nine-Month Performance: Strong Growth Continues

The momentum was not limited to one quarter. The company’s nine-month financials also showed consistent growth.

Nine-Month Financial Snapshot

• Revenue from Operations:

  • ₹17,537 million

  • Up 65.4% YoY

• EBITDA:

  • ₹3,188 million

  • Up 88.1% YoY

• EBITDA Margin:

  • 18.2%, compared to 16.0% in the previous year

The margin expansion over the nine-month period reflected improved operating efficiency.

Renewable Energy Stocks in Focus Ahead of Budget 2026

Renewable energy stocks, including solar players, remained in focus as markets awaited Budget 2026. The sector has drawn attention amid expectations of supportive measures, keeping investor interest active during the session.

Fujiyama Power Systems was among the stocks that reacted strongly amid the broader sectoral focus.

Company Details: Fujiyama Power Systems Share Price History

Fujiyama Power Systems made its market debut on November 20 last year.

• NSE Listing Price: ₹220

  • 3.51% lower than the issue price of ₹228

• BSE Listing Price: ₹218.40

  • 4.21% below the issue price

Post-Listing Price Range

• Record High: ₹231 (November 20)

• Record Low: ₹192.10 (December 18)

Despite the recent upper circuit move, the stock had seen pressure earlier. Fujiyama Power Systems shares fell nearly 11% during January, before rebounding sharply following the Q3 results.

Summary: Why Fujiyama Power Systems Stock Is in the Spotlight

Fujiyama Power Systems' share price moved sharply higher after the company reported strong Q3FY26 earnings, marked by higher revenue, profit growth, and improved margins.

The rally came at a time when renewable energy stocks were already under market focus ahead of Budget 2026, amplifying interest in the solar stock.

With improved quarterly numbers, expanding margins, and heightened sector attention, Fujiyama Power Systems remained firmly on the market radar during the session.