India's Clean Max Enviro Energy Solutions rises on June-quarter profit
BUZZ-India's Clean Max Enviro Energy Solutions rises on June-quarter profit ** Shares of India's Clean Max Enviro Energy Solutions CLEM.NS rise as much as 6.13% to 1,417.50 rupees, their highest levels since June 10
** Company posted first-quarter net profit of 485.2 million rupees ($5.10 million) versus net loss of 141.99 million rupees, total revenue from ops jumped twofold y/y
** JP Morgan ("Overweight", TP:1,478 rupees) says company remains on track to meet FY2027 capacity addition forecast, with execution broadly in line with full-year expectations
** Axis Capital ("Buy", TP:1,375 rupees) says company's expanding pipeline improves visibility on capacity additions
** Stock up 42.13% since listing on March 2
($1 = 95.1350 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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