ACME Solar Holdings Experiences Notable Gains Amidst Recent Market Volatility

Feb 05 2025 09:50 AM IST
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ACME Solar Holdings has experienced notable activity, gaining 6.11% on February 5, 2025, and outperforming its sector. The stock has shown consecutive gains over two days, with a total return of 6.91%. However, it has faced challenges recently, declining 7.18% over the past month.
ACME Solar Holdings, a midcap player in the renewable energy sector, has shown significant activity today, gaining 6.11% on February 5, 2025. This performance has allowed the stock to outperform its sector by 4.46%. Over the past two days, ACME Solar has demonstrated a consecutive gain, accumulating a total return of 6.91%.

The stock opened with a notable gain of 3.02% and reached an intraday high of Rs 223.75, reflecting a 7.21% increase at its peak. In terms of moving averages, ACME Solar's current price is above the 5-day and 20-day moving averages, yet it remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed short- to long-term trends.

Despite today's positive performance, the stock has faced challenges over the past month, with a decline of 7.18%, compared to a slight decrease of 0.77% in the Sensex. This context highlights the stock's recent volatility within the broader market landscape.
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