Shares of Fujiyama Power Systems Limited witnessed a downward trend during Tuesday's intraday trading session. This recent correction in the solar stock follows an impressive rally where it delivered nearly 125 percent returns to investors over a span of six months, drawing significant attention from market participants.
Market Performance And Trading Details
At 3 pm on Tuesday, September 1, the stock of Fujiyama Power was trading 4.65 percent lower at Rs 439.45 per share on the BSE, commanding a market capitalisation of Rs 13,486.80 crore. During the session, the stock touched an intraday high of Rs 462.80 per share and slipped to an intraday low of Rs 434.40 per share.
Brokerage Recommendation And Growth Projections
Prominent brokerage firm Motilal Oswal has given a 'Buy' rating for the stock, setting a target price of Rs 600 per share. In its report, the brokerage stated that it estimates a revenue, EBITDA, and adjusted PAT CAGR of 51 percent, 55 percent, and 57 percent respectively over the FY26-28 period, premised on 25x FY28E EPS.
Government Schemes And In-House Manufacturing Support
The company is well-positioned to achieve double-digit growth in terms of revenue, profit, EBITDA, and margins over the next two financial years. This robust expansion is supported by strong traction under government schemes and the company's in-house DCR manufacturing facility, which enables it to effectively capture rising market demand.
Supply Chain Integration And Long-Term Gains
According to the brokerage report released last week, growth is further bolstered by strong traction under the PMSGMBY scheme, which presents a 15GW opportunity for 5 million pending installations. Backward integration is aiding margin expansion, while the continuous expansion of the distribution network is enhancing overall market penetration.
