Why ACME Solar and NTPC Green Energy Share Price Rise Up to 9% in a Weak Market

ACME Solar Holdings share price and NTPC Green Energy share price rose sharply on March 19, even as the broader market remained under pressure.

• ACME Solar gained around 4-9%
• NTPC Green Energy rose by 2-4%

In comparison, the BSE Sensex was down over 2%, highlighting strong outperformance.

ACME Solar Gains on Project Expansion

ACME Solar share price extended gains for the 3rd straight session.

The rally came after the company announced that its subsidiary had commissioned an additional 8 MW capacity in its 100 MW wind power project in Gujarat.

With this, the total operational capacity at the project has increased to 84 MW.

NTPC Green Energy Rises on Solar Project Update

NTPC Green Energy shares also gained for the 2nd consecutive session.

The company announced the start of commercial operations for 165 MW capacity at its Khavda-II Solar PV Project in Gujarat. This is part of a larger 1,200 MW project, and the company continues to expand its renewable energy portfolio.

Strong Sector Tailwinds

Renewable energy stocks are benefiting from broader sector trends.

• Rising Brent crude oil prices have increased interest in clean energy
• Renewable energy is seen as a more stable alternative amid global uncertainties

Read More: HDFC Bank Share Price in Focus; Announces Part Time Chairman Resignation and Interim Appointment!

Conclusion

ACME Solar and NTPC Green Energy shares are rising due to project expansions and strong sector outlook. Despite weak markets, renewable energy stocks are attracting investor interest.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.