Renewable energy stocks attracted significant investor attention on December 3, with companies like NTPC Green Energy, Inox Wind, Torrent Power, and Adani Green showing impressive gains. This surge comes amid growing interest in the green energy sector, driven by strong market debuts and positive investor sentiment towards sustainable energy investments.
Inox Wind share price is currently trading at ₹208.47, up by ₹7.52 (3.74%) as of 12:07 PM on December 3. The stock opened at ₹209.30 at 10:45 AM, reached a low of ₹202.45, and peaked at ₹213.83 during the session. Over the past 5 days, the stock has risen by ₹23.57 (12.75%). Over the past year, Inox Wind Ltd’s stock has experienced a significant increase of ₹125.51 (151.29%).
It is in an uptrend after the company announced it had signed a share purchase agreement to sell its entire stake in Aliento Wind Energy Private Limited (AWEPL) to Nani Virani Wind Energy Private Limited. The stake consists of 1,00,000 equity shares valued at ₹1,00,000. Meanwhile, shares of Inox Wind, the parent company, gained 7%, and Inox Wind Energy, a related entity, saw a 5% increase.
Torrent Power share price is currently trading at ₹1,667.25, up by ₹80.95 (5.10%) as of 12:10 PM on December 3. The stock opened at ₹1,662.00 at 10:15 AM, reached a low of ₹1,604.40, and peaked at ₹1,679.00 during the session. Over the past 5 days, the stock has risen by ₹125.20 (8.12%).
Adani Green Energy share price is currently trading at ₹1,332.50, up by ₹4.55 (0.34%) as of 12:12 PM on December 3. The stock opened at ₹1,319.25 at 10:25 AM, reached a low of ₹1,319.25, and peaked at ₹1,365.00 during the session. Over the past 5 days, the stock has risen by ₹415.15 (45.26%).
NTPC Green Energy shares have been performing well, with strong valuations following their recent listing. As of 12:14 PM on December 3, NTPC Green Energy Ltd’s stock is priced at ₹142.12, up by ₹12.92 (10.00%). The stock opened at ₹129.94 and peaked at ₹142.12 during the session.
NTPC Green Energy shares reached an all-time high on December 3, with the stock hitting the upper circuit limit on high trading volumes. The stock has been on an upward trend for the past 2 days, rising by 13.84% during this period.
The shares were listed at ₹111.50 on the NSE, a 3.24% premium over the IPO price of ₹108 per share. On the BSE, the stock debuted at ₹111.60, showing a 3.33% premium.
Green energy stocks, including NTPC Green Energy, have caught the eye of investors due to their high Price to Earnings (PE) ratio, despite a successful market debut. This has boosted the valuations of other green energy companies, leading to increased buying in the sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 3, 2024, 12:39 PM IST
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