Acme Solar Holdings share price jumped over 4% on Monday to hit its all-time high, supported by strong buying momentum. Acme Solar shares rallied as much as 4.61% to a fresh high of ₹324.40 apiece on the NSE.
The mid-cap stock extended its gaining streak for the seventh consecutive session on Monday.
In these seven sessions, Acme Solar share price has surged more than 15%.
The gains in Acme Solar share price today was also supported by strong buying volumes. Around 40 lakh equity shares of changed hands on stock exchanges on June 1 as against its one week average trading volume of 29 lakh shares and one month average volume of 19 lakh shares.
The company is expected to launch a Qualified Institutional Placement (QIP) soon to raise funds for its capital expenditure and growth plans, CNBC-TV18 reported.
According to the news report, Acme Solar Holdings is likely to raise ₹2,500 crore from the QIP, which will aid its capex and growth plans.
The equity dilution via QIP will also help the company meet the SEBI’s minimum public shareholding norms, the report added, quoting sources.
The promoter shareholding in Acme Solar Holdings at the end of March 2026 quarter stood at 83.29%, while public shareholders held 16.61% stake in the company.
Technical Outlook
Acme Solar share price has gained nearly 4% in one month and surged more than 33% in three months. The stock has rallied 39% in six months and has risen 19% in one year.
“Acme Solar Holdings share price has recently seen a resumption of its uptrend from its 50 DEMA support. However, prices are trading near its previous swing high of ₹320 – 325, which needs to be surpassed for a continuation of uptrend,” said Ruchit Jain, Head, Equity Technical Research, Wealth Management, Motilal Oswal Financial Services.
According to him, the immediate supports for Acme Solar shares are now placed around ₹294 and ₹282.
At 12:35 PM, Acme Solar share price was trading 1.43% higher at ₹315.00 apiece on the .
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