Emmvee Photovoltaic Soars 10% as Jefferies Projects 70% Upside

• Emmvee Photovoltaic shares hit a 10% upper circuit after Jefferies initiated "buy" coverage with a Rs 320 price target.
• Jefferies projects a 70% upside for the stock in the next 12 months, citing strong growth drivers.
• Key drivers include early TOPCon solar cell adoption, strong policy tailwinds, and a robust balance sheet.
• The brokerage forecasts 56% EBITDA CAGR and 64% PAT CAGR for Emmvee from FY25-FY28.
• Despite being down 6.2% since its Nov 18, 2025 listing, Jefferies finds the stock "too cheap to ignore" at a 50% discount to peers.

Why It Matters: Jefferies' "buy" rating and high price target fueled Emmvee Photovoltaic's 10% surge, highlighting strong growth prospects.