India, July 29 -- A jump of this scale in domestic institutional ownership rarely happens without a reason. When a stock sees such a move in just three months, questions naturally follow about what triggered it and whether the underlying business can justify the confidence.

This is exactly the situation playing out for one of India's fastest-growing integrated renewable energy companies, whose expansion is being funded through a mix of equity, promoter stake dilution and rising debt.

Shares of ACME Solar Holdings Limited, with a market capitalization of Rs.25,935 Crore, are trading at Rs.366.1 i.e. around 2.98% above its previous closing price of Rs.355.5. It trades at a P/E ratio of 50.47.

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