ACME Solar Holdings Shows Strong Reversal Amid Broader Market Stability

May 19 2025 01:05 PM IST
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ACME Solar Holdings has experienced notable trading activity, reversing a two-day decline with a significant gain. The stock is currently performing well above its key moving averages, reflecting strong short-term performance. Over the past month, it has shown impressive growth, although it slightly trails the broader market's year-to-date performance.
ACME Solar Holdings has shown significant activity today, gaining 5.02% on May 19, 2025. This midcap holding company has outperformed its sector by 4.25%, marking a notable trend reversal after two consecutive days of decline. The stock opened with a gain of 3.04% and reached an intraday high of Rs 247.95, reflecting a 6.03% increase during the trading session.

In terms of moving averages, ACME Solar Holdings is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short-term performance relative to its historical trends.

In the broader market context, the Sensex opened flat with a slight decline of 0.08%, currently trading at 82,268.63. Despite this, ACME Solar Holdings has demonstrated robust performance metrics over various time frames, including a 10.76% increase over the past week and a remarkable 20.61% rise over the past month. Year-to-date, the stock has gained 4.18%, slightly lagging behind the Sensex's performance of 5.25%.
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