Price Action: Emmvee Photovoltaic surges 6% as Jefferies maintains ‘Buy’; Refex Industries gains 4% on…

Fresh updates from the financial markets indicate that Stock-specific action remained in focus on Dalal Street on September 21, with market participants reacting to corporate developments and research firms view.

Refex Industries stock price advanced 4% after firm bagged a contract worth Rs 160 crore for lifting 10 lakh metric tonnes (MT) of pond ash and fly ash under the RCR (Road-cum-Rail) mode from a public sector undertaking in Madhya Pradesh.

Shares of G R Infraprojects advanced more than 3% has received a letter from the National Highways Authority of India declaring September 7 as the appointed date for the Rs 4,262.78-crore project for the construction of the Agra-Gwalior Greenfield road.

Coforge stock price jumped 4% after firm announced expanded capabilities to help automotive lenders, fleet operators and remarketing organisations transform vehicle inspections into AI-powered lifecycle intelligence, enabling faster and more informed business decisions throughout the remarketing process.

Stock price of Emmvee Photovoltaic Power surged more than 6% as Jefferies maintained ‘Buy’ rating on Emmvee Photovoltaic Power with a target price of ₹440 per share. The brokerage anticipates 70 GWdc demand in FY27, with DCR demand exceeding supply, while DCR economics stay attractive. Module and cell capacity is expanding by 6 GW each, with the firm targeting 9 GW of ingot-wafer integration by FY29-30.

On the sectoral front, the IT index declined nearly 1%, while the pharma index advanced 1.2%. FMCG, private bank, consumer durables and realty indices rose around 0.5% each.

The broader market remained under pressure, with the Nifty Midcap 100 index falling 0.2%, while the Nifty Smallcap 100 index traded flat.

Market breadth on the BSE was positive, with 1,954 shares advancing, 1,462 declining and 198 unchanged.