Acme Solar climbs 7% on wind project update; Centrum initiates with 'Buy' Shares of renewable energy company Acme Solar Holdings surged 7.03% on Friday, March 27, 2026, following an update on its wind power project and a positive rating from brokerage firm Centrum Broking. The stock reached an intraday high of ₹272 per share, though it later retreated slightly to ₹270.97 on the NSE, reflecting a 6.63% gain from its previous close of ₹254.12. The broader market, however, saw the NSE Nifty50 index decline by 1.17% to 23,033. The rally was driven by Acme Solar’s announcement that its subsidiary, ACME Eco Clean Energy Private Limited, had commissioned an additional 4 MW of its 100 MW wind power project in Gujarat. The company stated that the subsidiary now has a commissioned capacity of 92 MW out of its total 100 MW target. This update, combined with Centrum Broking’s initiation of coverage with a 'Buy' rating, bolstered investor confidence. Centrum Broking highlighted Acme Solar’s position as a high-growth renewable independent power producer (IPP) with a diversified portfolio spanning solar, wind, and hybrid assets. The brokerage noted the company’s total portfolio of 7,770 MW, including 16 GWh of battery energy storage systems (BESS), with 2,962 MW already operational and 4,808 MW under construction. The firm emphasized Acme Solar’s transition from a developer to a long-term asset owner, focusing on stable capacity expansion and cash flow generation. The brokerage projected revenue, EBITDA, and PAT growth rates of 60%, 61%, and 76% respectively over the fiscal years 2025–2028. Using an EV/EBITDA multiple of 10x on FY28 EBITDA, Centrum set a target price of ₹315 per share, implying a 16.24% upside from the current market price.#gujarat #nse_nifty50 #acme_eco_clean_energy_private_limited #acme_solar_holdings #centrum_broking
Indian Benchmark Indices Drop Amid Geopolitical Tensions, Banking Stocks Under Scrutiny Indian stock markets opened the week on a volatile note, with major indices plummeting sharply on Monday due to escalating geopolitical tensions in West Asia. The BSE Sensex fell by 1,836.57 points, or 2.46 percent, to close at 72,696.39, while the NSE's Nifty50 dropped 601.85 points, or 2.60 percent, ending at 22,512.65. The decline was driven by concerns over energy prices and inflation, which have intensified amid global uncertainty. Traders are closely monitoring three major banking stocks—HDFC Bank, Kotak Mahindra Bank, and ICICI Bank—as they remain key players in the sector. Analyst Jigar S Patel from Anand Rathi Share and Stock Brokers provided insights into their potential movements ahead of Tuesday's trading session. ICICI Bank is currently trading below all its key moving averages, signaling a bearish trend in the short term. However, the Rs 1,200 level is critical as it aligns with a strong demand zone formed in March 2025. If the stock holds above this level, it could attract buying interest and trigger a short-term rebound. Conversely, resistance at Rs 1,235 may lead to selling pressure. Traders are advised to wait for clarity around Rs 1,200, as a breakdown could extend the decline, while stability above it might prompt a rally. HDFC Bank is also trading below its key moving averages, reflecting a bearish outlook. The Rs 730 level is significant, as it coincides with a demand zone established in May 2024. A sustained move above Rs 730 could draw fresh buying and initiate a rebound. However, resistance at Rs 770 may act as a barrier, prompting potential selling.#bse_sensex #kotak_mahindra_bank #hdfc_bank #indian_stock_markets #nse_nifty50
