Emmvee Photovoltaic Power stock has continued its upward trajectory for the second consecutive session, with the stock price rising over 18 per cent in the last two trading sessions
The coverage initiation is anchored on a strong solar sector outlook, with India's annual solar PV installations expected to grow at a 24 per cent CAGR over FY25-28E
This commissioning forms part of the company's planned capacity expansion as disclosed in the offer documents filed in connection with its initial public offer
Emmvee Photovoltaic stock was trading at ₹243.5, up 1.85 per cent compared to the previous session's close of ₹239.35 on the NSE
Ahead of debut, Emmvee Photovoltaic's shares were quoting at ₹217 in the grey market, suggesting no premium over the issue price, according to market trackers.