Economy
ACME Solar Shares Rise 6% on HSBC Target Price Upgrade
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THE BRIEF
1
ACME Solar Holdings' share price jumped 6% in intraday trade on the BSE, reaching ₹426.15 after global firm HSBC maintained a buy rating.
2
HSBC raised its target price for the stock to ₹450 from ₹390, citing the company's high-growth phase and transition into complex firm and dispatchable renewable energy projects.
3
The stock has rallied 74% year-to-date, hitting a 52-week high of ₹430.40 earlier this month after starting the year from a low of ₹195.65.