India's KPI Green Energy up after Gujarat energy body okays plant commissioning

KPI Green Energy

17/05/2023 05:26

** Shares of solar power generator KPI Green Energy Ltd
 KPIG.NS  rise as much as 4.44% to a record high of 554 rupees
    ** Stock on track for a sixth consecutive session of gain,
if trends hold
    ** Co on Tuesday said it has received commissioning
certificate from Gujarat Energy Development Agency for capacity
of 10.18 MW dc Solar Power Plant under captive power producer
    ** Share price above 50-day, 100-day and 200-day simple
moving averages, suggesting bullish trend
    ** KPIG's relative strength index above 70, indicating it is
overbought
    ** More than 368,000 shares change hands by 9:36 a.m. IST,
1.5x 30-day avg of 241,944 shares
    ** Stock up over 21% YTD as of last close, against a 46%
jump in the same period in 2022




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))