Emmvee Stock Plunges, Then Jefferies Predicts 70% Surge to ₹320
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CNBC Awaaz06-01-2026, 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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