ACME Solar Stock Rises Six Percent After HSBC Raises Price Target

ACME Solar Holdings shares jumped up to six percent during intraday trade on the BSE. Fresh buying came in after global financial firm HSBC kept a buy rating on the stock and raised its target price from three hundred ninety rupees to four hundred fifty rupees. The stock opened at four hundred two rupees and ninety-five paisa compared to its previous close of four hundred one rupees and eighty-five paisa, and then climbed to a high of four hundred twenty-six rupees and fifteen paisa. This rise happened even though the overall stock market sentiment was weak. BSE data shows the stock has jumped seventy-four percent so far this year.