Emmvee Stock Dips 13%, Jefferies Sees 70% Upside on Solar Boom

• Emmvee stock fell 13% in a month, dropping from ₹240 to ₹185, raising investor concerns since December 2025.
• Jefferies initiated coverage with a 'Buy' rating, setting a target price of ₹320, indicating a potential 70% return.
• The brokerage cites India's rapidly growing solar sector (24% CAGR FY25-FY28) as a key driver for Emmvee.
• Emmvee's strengths include early adoption of TopCon Technology and better DCR profitability, differentiating it from competitors.
• Jefferies projects 56% CAGR in Emmvee's EBITDA (FY25-FY28) and notes its current 50% valuation discount to peers.

Why It Matters: Despite a recent 13% dip, Jefferies projects Emmvee stock to surge 70% driven by India's solar boom.