JM Financial initiates coverage on ACME Solar Holdings, target price Rs 262 Jobbery Stock Market update

JM Financial recommends buying ACME Solar Holdings Ltd., targeting Rs 262, up from the current Rs 232.5. India needs substantial renewable energy growth by 2030, with ACME poised to benefit due to its significant operational and construction capacities. With solid financials and market position, ACME’s revenue and EBITDA are expected to grow robustly by FY28.