Motilal Oswal, JM Financial initiate Buy on Acme Solar, see up to 59% upside; stock jumps 8%

Motilal Oswal and JM Financial have initiated coverage on Acme Solar Holdings with a ‘Buy’ rating, citing strong growth prospects. Motilal Oswal set a target price of Rs 330, implying a 59% upside from its previous close of Rs 207.6, while JM Financial pegged the target at Rs 262.

Following…