Stories
Emmvee Photovoltaic Surges 6% on Jefferies 'Buy' Rating; Refex Industries Wins Rs 160 Cr Contract
M
Moneycontrol•21-09-2026, 09:50
Emmvee Photovoltaic Surges 6% on Jefferies 'Buy' Rating; Refex Industries Wins Rs 160 Cr Contract
- •Emmvee Photovoltaic Power shares jumped over 6% after Jefferies maintained a 'Buy' rating with a target price of ₹440, citing strong demand and attractive DCR economics.
- •Refex Industries gained 4% following a Rs 160 crore contract win for lifting 10 lakh MT of pond ash and fly ash in Madhya Pradesh.
- •G R Infraprojects advanced over 3% after NHAI declared September 7 as the appointed date for its Rs 4,262.78-crore Agra-Gwalior Greenfield road project.
- •Coforge shares rose 4% as the company unveiled expanded AI-powered capabilities for automotive lenders and fleet operators to enhance vehicle inspections and remarketing.
- •While the IT index declined, pharma, FMCG, private bank, consumer durables, and realty indices saw gains, with the broader market under slight pressure.
Key Questions Answered
Emmvee Photovoltaic Power shares surged more than 6% after brokerage firm Jefferies maintained a 'Buy' rating on the stock with a target price of ₹440 per share. Jefferies highlighted attractive DCR economics and projected strong demand exceeding supply for FY27.
Refex Industries gained 4% after securing a contract worth Rs 160 crore for lifting 10 lakh metric tonnes of pond ash and fly ash under the Road-cum-Rail mode from a public sector undertaking in Madhya Pradesh.
G R Infraprojects advanced over 3% after receiving a letter from the National Highways Authority of India declaring September 7 as the appointed date for its Rs 4,262.78-crore Agra-Gwalior Greenfield road construction project.
