India's Emmvee Photovoltaic Power surges after record quarterly results

TVS Holdings

16/07/2026 07:18

** Shares of India's Emmvee Photovoltaic Power EMMV.NS surge as much as 10% to hit record high of 371.55 rupees; stock last up 7.3% at 362.55 
** Solar module maker reports record quarterly consol revenue up 51% Y/Y, and consol net profit up 103% Y/Y
** Says performance was driven by higher production volumes, increased integration of in-house solar cells and operating leverage across its expanded manufacturing base
** More than 17 mln shares change hands, about 5.3x the 30-day average volume
** All 5 analysts covering the stock rate it "buy"; median PT is 345 rupees - LSEG compiled data
** Stock up 91.2% YTD 


 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))