ACME Solar Holdings Surges 5.89% Amidst Recent Declines in Renewable Sector

Dec 24 2024 10:50 AM IST
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ACME Solar Holdings has undergone a revision in its score following a recent uptick in stock performance, which saw a significant increase on December 24, 2024. Despite this positive movement, the stock continues to trade below key moving averages, prompting cautious sentiment among investors. ACME Solar has also been added to MarketsMojo's list, reflecting ongoing interest in its potential within the renewable energy sector.
ACME Solar Holdings, a midcap player in the renewable energy sector, experienced a notable increase of 5.89% on December 24, 2024. This uptick comes after a challenging week, marking a trend reversal following seven consecutive days of decline. The stock reached an intraday high of Rs 246.55, reflecting a 7.24% increase during the trading session.

In terms of performance metrics, ACME Solar Holdings outperformed its sector by 3.9% on this day. However, the company's longer-term performance shows a decline of 1.50% over the past month, contrasting with the Sensex, which fell by 0.42% during the same period. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

As ACME Solar Holdings navigates the complexities of the renewable energy landscape, its recent performance highlights both the volatility and potential for recovery within the sector.
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