📷 Image: Wikimedia Commons / Leon Brocard from London, UK
Business
ACME Solar Shares Jump to Rs 425.50 on New Rajasthan Capacity Announcement
✍️ Equitypandit
🗓 17 Sep 2026, 02:31 AM
👁 39
ACME Solar's stock rose to Rs 425.50 after the company disclosed plans to add new solar capacity in Rajasthan, boosting investor confidence.
Shares of ACME Solar Ltd. climbed to Rs 425.50 on the BSE/NSE following the company's disclosure of additional solar capacity in Rajasthan. The price surge reflects market optimism about the firm's growth prospects in the state's renewable energy sector.
The new capacity, announced by ACME Solar, is expected to enhance its generation portfolio and strengthen its foothold in Rajasthan, a key market for solar projects in India. Analysts noted that the development aligns with the state's aggressive renewable energy targets.
Investors responded positively, pushing the stock to a fresh intraday high. The move comes amid broader investor interest in clean energy stocks as India pushes for higher solar installations.
No further financial details were disclosed, and the company did not provide a timeline for the capacity rollout. Market participants will watch for updates on project execution and potential impact on the company's earnings.
Overall, the rally underscores the growing confidence in India's solar sector and the role of regional capacity expansions in driving stock performance.
The new capacity, announced by ACME Solar, is expected to enhance its generation portfolio and strengthen its foothold in Rajasthan, a key market for solar projects in India. Analysts noted that the development aligns with the state's aggressive renewable energy targets.
Investors responded positively, pushing the stock to a fresh intraday high. The move comes amid broader investor interest in clean energy stocks as India pushes for higher solar installations.
No further financial details were disclosed, and the company did not provide a timeline for the capacity rollout. Market participants will watch for updates on project execution and potential impact on the company's earnings.
Overall, the rally underscores the growing confidence in India's solar sector and the role of regional capacity expansions in driving stock performance.