Shares of Clean Max Enviro Energy Solutions rose 5% to hit a day’s high of Rs 1,445 after Wall Street major Macquarie initiated coverage on the stock with an Outperform rating and a target price of Rs 1,700, implying 24% upside from current market levels.
With today’s gain, the stock has risen 13% over the past three sessions. Macquarie is the second brokerage to initiate coverage of the stock in two sessions, following JM Financial.
