Jefferies has initiated coverage on Emmvee Photovoltaic Power with a 'Buy' rating and a target price of Rs 320, citing strong growth potential in India's expanding solar manufacturing sector. The brokerage anticipates a significant increase in annual solar installations, driven by falling tariffs, rising power demand, and battery storage adoption. Policy support, including ALMM and domestic content requirements, is expected to benefit Indian manufacturers, potentially leading to a shortage of domestic solar cells.