ACME Solar tanks 20% in 2 days; Morgan Stanley sells 3 mn shares post IPO

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ACME Solar Holdings slipped 9 per cent to Rs 230.35 on the National Stock Exchange in Thursday's intra-day.

Without prior experience in commissioning such projects, they could encounter delays and unexpected costs, which would undermine the project's viability and profitability.

However, the company may not be able to grow its portfolio of renewable energy power projects as it relies on highly competitive renewable energy power project auctions.

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Category: BusinessFinance

Markets: India

Topics: Wind energy projects IPO ACME Solar Holdings shares Marketst Solar Morgan Stanley IFSC Fund Renewable energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:25:23 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 16 lines

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Copyright Owner: © Business Standard

News ID: 23582856

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