Emmvee Stock Plunges, Then Jefferies Predicts 70% Surge to ₹320

Share Market
C
CNBC Awaaz•06-01-2026, 09:52
Emmvee Stock Plunges, Then Jefferies Predicts 70% Surge to ₹320
- •Emmvee stock fell ~30% from ₹240 (Dec 2025) to ₹185 (Jan 2026), raising investor concerns.
- •Jefferies initiated 'Buy' call on Emmvee, setting a target price of ₹320, indicating a 70% upside.
- •Brokerage cites India's solar sector growth (24% CAGR FY25-28) and Emmvee's TOPCon tech advantage.
- •Emmvee's EBITDA projected to grow 56% CAGR (FY25-28); stock trades at 50% discount to peers.
- •FIIs (6.17%) and DIIs (10.79%) hold significant stakes, showing institutional confidence despite the dip.
Why It Matters: Jefferies' 'Buy' call on Emmvee, citing solar growth and tech, signals a potential 70% stock rebound.
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