KPI Green Energy's shares surged on Wednesday, climbing as much as 8% to hit Rs 513.60, extending a rapid rally that has taken the stock up nearly 27% in just two trading days.
Why the jump?
The stock opened flat around Rs 474.80 but quickly moved past the Rs 500 mark, driven by higher buying volume and renewed interest in renewable-energy companies.
Trading activity
- About 2.47 million shares changed hands, far above the two‑week average of 411,000 shares.
- The day's turnover exceeded Rs 123 crore.
- Market‑capitalisation is now roughly Rs 10,068 crore.
Technical outlook
According to chart data, the share price is above its 10‑, 20‑, 50‑, 100‑ and 200‑day exponential moving averages, suggesting a strong uptrend. The Relative Strength Index sits around 63, indicating healthy momentum without being overbought.
Recent returns
- 22.4% gain over the past two weeks.
- 19.8% gain in the last week.
- 18.6% gain in the past month.
Although the stock is still down about 6% for the full year, the recent rally has lifted investor sentiment.
What investors should consider
Small‑cap investors looking for exposure to the green‑energy sector may find KPI Green Energy attractive, but they should remember that rapid moves can reverse. Keep an eye on trading volume and broader market trends before making a decision.
Disclaimer
These observations are for informational purposes only and should not be taken as investment advice. Always do your own research and consider your risk tolerance before buying or selling stocks.