That kind of moonshot market performance is rare but not entirely unheard of in India, particularly among small, thinly traded companies. For EKI, there was something else at work. It’s the first listed carbon offsets company, and the market price of those offsets — which comprise most of the firm’s assets — was soaring.
Waaree Energies shares crash 5%. Can this US ruling dent solar panel maker’s image for long?
Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’