From mint · Dhanya Nagasundaram · · 1m 20s
Clean Max Enviro Energy Shares Jump 7%
Clean Max Enviro Energy shares rose 7% to ₹1,342.20, trading 27% above IPO price after strong Q3 results.
In brief
Clean Max Enviro Energy shares rose 7% to ₹1,342.20, trading 27% above IPO price after strong Q3 results. Clean Max Enviro Energy Solutions shares rose 7% to ₹1,342.20, trading 27% above IPO price after strong September-quarter results. Originally reported by mint.
Clean Max Enviro Energy Shares Jump
Clean Max Enviro Energy Solutions shares rose 7% to ₹1,342.20, trading 27% above their IPO price.
Strong September-Quarter Results
The company reported net profit up 82.3% year-on-year to ₹64.9 crore, with total income rising 34.5% to ₹750.9 crore.
Green Bond Issuance
CleanMax raised ₹2,500 crore through India's first green bond in the C&I renewable energy sector.
IPO Performance
The stock debuted on 2 March 2026 with an 8.83% discount on NSE and 9.57% discount on BSE.
Current Trading Range
Shares traded between ₹1,256.25 and ₹1,342.20 during the day, gaining 2.10% weekly and 3.41% biweekly.
Technical Analysis
Analysts suggest the stock needs to sustain above ₹1,265 to reach ₹1,400, the upper resistance level.
Key Support Levels
The higher-bottom level around ₹1,200 is likely to act as a key support for the stock.
What's Driving the Rally
Strong financial results and green bond issuance are driving the stock's 7% gain and 27% premium over IPO price.
The takeaway
Clean Max Enviro Energy Solutions shares rose 7% to ₹1,342.20, trading 27% above IPO price after strong September-quarter results.
