Inox Wind, Borosil, KPI Green And More: Renewable Energy Stocks Up Ahead Of Budget
Leading the rally was Inox Wind, which saw an intraday high of Rs 188.8, marking a significant surge of 11.99%.
Renewable energy stocks were trading in the green ahead of the Union Budget 2025 set to be announced by Finance Minister Nirmala Sitharaman, with investors showing optimism about potential policy support for the sector.
Leading the rally was Inox Wind, which saw an intraday high of Rs 188.8, marking a significant surge of 11.99%. The stock's 30-day average volume stands at 8.65.
Other notable performers include Borosil Renewables that reached an intraday high of Rs 538.9, up 2.01%, with a 30-day average volume of 0.36.
Gensol Engineering was trading at an intraday high of Rs 760.45 as the stock rose by 2.34%, with a 30-day average volume of 0.19. Meanwhile, Sterling & Wilson saw an intraday high of Rs 342, up 3.35%, with a 30-day average volume of 2.48.
KPI Green Energy reached an intraday high of Rs 385.65 as the stock increased by 5%, with a 30-day average volume of 1.01. Inox Wind Energy hit an intraday high of Rs 9,832.8, up 5%, with a 30-day average volume of 0.01.
Adani Green Energy was trading at an intraday high of Rs 1,049.9 as the stock rose by 5.25%, with a 30-day average volume of 4.12. NTPC Green Energy saw an intraday high of Rs 120.5, up 4.86%, with a 30-day average volume of 12.3.
Suzlon Energy reached an intraday high of Rs 61.07 as it increased by 4.99%, with a 30-day average volume of 47.55. Tata Power hit an intraday high of Rs 373, up 2.33%, with a 30-day average volume of 8.54.
The positive movement in renewable energy stocks comes as investors anticipate favorable announcements in Budget 2025, particularly in terms of increased support for green energy projects and sustainable development.
The economic survey tabled on Friday highlighted that there has been notable progress in energy generation from non-fossil fuels, including nuclear, hydro, and renewable sources. This segment reached 420.8 thousand gigawatt hours in the 2022-23 provisional data, making up 22.8% of the total gross energy generation.
