India's Acme Solar rises 10% again on second day after Q3 results

ACME Solar Holdings

30/01/2025 10:01

** India's Acme Solar Holdings'  ACMO.NS  shares jump by an
exchange-allowed maximum of 10% to 210.35 rupees for the second
consecutive session
    ** The renewable energy developer's Q3 profit more than
doubled from last year
    ** Kotak starts coverage on stock with "buy" rating and fair
value of 320 rupees
    ** "ACME’s revenues are estimated to grow at 52% CAGR over
FY2024-28E, on the back of incremental project commissioning of
4.4 GW," says Kotak
    ** Stock down 27% from its IPO price of 289 rupees after
listing on Nov. 13

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com))