India's ACME Solar Holdings jumps after Q1 profit rises

ACME Solar Holdings

28/07/2025 06:02

** Shares of ACME Solar Holdings Ltd ACMO.NS rise as much as ~10% to 297.48 rupees

** Renewable energy co reported over 94-fold y/y rise in Q1 consol net profit to 1.31 bln rupees ($15.2 mln); total income rose 71.8%

** Adds, rev increase driven by capacity addition and higher capacity utilization factor

** Stock on track to snap 2 days of losses

** More than 7.1 mln shares traded as of 10:26 a.m. IST, 3.7x their 30-day moving avg;

** Mean rating of stock is 'strong buy'; their median PT is 327.5 rupees - data compiled by LSEG

** ACMO last up 9.3%, adding to YTD gains of 14.8%

($1 = 86.4560 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))