Solar stock rises 10% on strong Q1 results and expansion plan
after close1 source ↓written by the desknot a recommendation
- to expand
- ₹5,500 cr capex plan
- following the announcement
- 10%
A leading solar manufacturer reported strong revenue and profit growth for Q1, driven by enhanced production and improved margins. The company announced a ₹5,500 cr capex plan to expand its manufacturing capacity, aiming to capture a larger share of India's solar market. Shares of Emmvee Photovoltaic Power surged 10% following the announcement.
Not investment advice. For informational purposes only.