Shares of Emmvee Photovoltaic surged to a 10% upper circuit on Tuesday after Jefferies projected up to 70% upside for the stock over the next 12 months.
Jefferies highlighted several key growth drivers for the company: early adoption of TOPCon solar cell technology, favourable policy tailwinds from domestic content requirements, and a strong balance sheet supporting expansion.
The sharp intraday rally reflects investor optimism about Emmvee’s long-term growth potential in the rapidly expanding solar and renewable energy sector, as well as confidence in its technological edge and strategic positioning in India’s clean energy market.
