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  5. NTPC Green, Waaree Energies, Adani Green, Premier Energies: How renewable energy stocks performed on Dec 26

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NTPC Green, Waaree Energies, Adani Green, Premier Energies: How renewable energy stocks performed on Dec 26

Upstox
By Upstox News Desk

3 min read | Updated on December 26, 2024, 16:04 IST

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SUMMARY

KPI Green Energy stock settled at ₹792.55 per share, reflecting an increase of 0.90%, on the National Stock Exchange (NSE). Intraday, it hit a high of 2.47%.

Stock list

WAAREEENER
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NTPCGREEN
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ADANIGREEN
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PREMIERENE
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Renewable energy stocks reflected mixed sentiments on Thursday, December 26. Shares of NTPC Green Energy, Waaree Energies and Premier Energies traded in negative territory.

However, Adani Green, ACME Solar and KPI Green Energy stocks traded in the green.

NTPC Green Energy share price

Shares of NTPC Green Energy, a subsidiary of state-owned NTPC Ltd, settled 5.65% lower at ₹125.5 apiece as the shareholder lock-in period ended on Thursday.

The end of the one-month lock-in period freed up 18.3 crore shares for trading.

A one-month share lock-in period is a timeframe during which certain shareholders are not allowed to sell or transfer their shares. After the lock-in period ends, shareholders can sell their equity shares. This temporarily surges selling pressure, which causes a decline in stock price.

The ₹10,000 crore NTPC Green IPO was subscribed 2.55 times. The stock was listed on the NSE at ₹111.5 apiece (3.24% premium) over the issue price of ₹108 per share. It hit an all-time high of ₹155.35 apiece on December 4.

Waaree Energies share price

Waaree Energies stock was down 1.77% to ₹2,818 per share on the NSE.

On Monday, the company's Board had approved three investment proposals worth ₹850 crore for setting up electrolyser and storage cell manufacturing facilities.

The board also approved the appointment of Amit Paithanka, CEO, as the Company's Additional Director, designated as a Full-Time Director.

Adani Green share price

Adani Green Energy shares were up 3.56% to ₹1,067.80 a unit. Intraday, the scrip rose as much as 4.96%.

The market capitalisation of the company stood at ₹1,69,142.99 crore, while the free-float m-cap was ₹38,425.23 crore.

Premier Energies share price

Shares of Premier Energies descended 2.67% to ₹1,285, with market capitalisation of ₹57,924.51 crore.

In an exchange filing on December 20, the company informed that the NSE and the BSE imposed penalties of ₹10,000 each for delay in disclosure of related party transactions.

KPI Green Energy share price

KPI Green Energy stock traded at ₹792.55 per share, reflecting an increase of 0.90%. Intraday, it hit a high of 2.47%.

On December 21, Manish Sayata, the Chief People Officer of the company, resigned from his post "due to other professional commitments", KPI Green informed in an exchange filing.

ACME Solar share price

Shares of ACME Solar Holdings ended 1.67% higher at ₹240.35 apiece on the NSE.

On December 19, ACME Solar Holdings, through its wholly-owned subsidiaries, commissioned a total capacity of 1,023.05 MW in Jaisalmer, Rajasthan.

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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