Clean Max Enviro Energy shares jump 7%; stock trades 27% above IPO price — What’s driving the rally? | Check key levels
Clean Max Enviro Energy Solutions moved higher in an ipo & listings development.
· LiveMint Markets
Clean Max Enviro Energy Solutions shares rose 7% to ₹1,342.20, about 27% above their IPO price. The gain followed strong September-quarter results, with net profit up 82.3% year-on-year and total income rising 34.5%. The company also raised ₹2,500 crore through a green bond issue.
The analysis
Clean Max Enviro Energy Solutions reported ₹1,342.20 and ₹2,500 crore, with movement of 7%, 27% and 82.3% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.9% on the day at ₹1,317.60, and has returned +5.0% over three months. It sits 12% below its 52-week high. The power sector has moved -8.1% over the same period, so Clean Max Enviro Energy Solutions is running 13.1 points ahead of its peers.
For Clean Max Enviro Energy Solutions, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Clean Max Enviro Energy Solutions (CLEANMAX), in Power.
- Over three months: Clean Max Enviro Energy Solutions +5.0% against Power -8.1% (13.1 points ahead).
- Clean Max Enviro Energy Solutions: 52-week and period figures are measured since it listed on 2 Mar 2026.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Clean Max Enviro Energy SolutionsCLEANMAX · Power · Listed 2 Mar 2026 | ₹1,317.60 | +0.9% | +2.2% | +5.0% | -11.8% | 0.9× | — |
Power
1M +0.9% · 3M -8.1%
Clean Max Enviro Energy Solutions
Prices as of 13 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Hitachi Energy shares rally 12% on 86% rise in Q2 order inflows, PAT up 21%
Park Medi World shares plummet 10% as Q2 profit tanks 31%, margins slide
Hitachi Energy Q2 net profit rises 21% to ₹319 cr, revenue jumps 63.5%
Clean Max Enviro Energy pledges Rs 50,000 crore investment in Andhra Pradesh
Paytm shares at ₹1,925, close in on IPO listing-day high after 100% rally from March lows. What led a recovery?