New Delhi, Oct. 15 -- A renewable power stock has jumped over 70% year-to-date (YTD), yet Axis Capital, a wholly owned subsidiary of Axis Bank, believes the stock has the potential to rise further from the current levels. The stock we are discussing is ACME Solar Holdings. ACME Solar Holdings is an integrated renewable energy company with a diversified contracted portfolio, spanning solar, wind, storage, FDRE and hybrid solutions.

As per the BSE data, the stock has jumped 72% year-to-date, while on a shorter timeframe of six months, it has climbed 43%. It hit a 52-week high of Rs.476.40 on 22 September after hitting a 52-week low of Rs.195.65 on 27 January.

The stock declined 2.6% in intraday trade on Thursday, 15 October. On a monthly ...