India's KPI Green rises on letter of intent for hybrid power project

KPI Green Energy

07/06/2023 08:14

** Shares of KPI Green Energy  KPIG.NS  rise as much as
2.90% to a two-week high of 544.90 rupees 
    ** Stock gains after the solar power generating firm gets
its largest single letter of intent (LoI) to execute wind-solar
hybrid power project of 40 MW from Anupam Rasayan  urn:newsml:reuters.com:*:nFWN37Z0GO
    ** Co says the largest single LoI for hybrid power project
showcases its strength in renewable energy market 
    ** Trading volume is 192,443 shares, 0.7x the 30-day avg -
Refinitiv data
    ** The moving average convergence divergence (MACD) line
reverses above the signal line, suggesting bullish momentum
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))