KPI Green upper circuit: KPI Green share price skyrockets over 450% in 1 year; what should you do with the stock?
KPI Green Energy share price continued as it hit its 5 per cent upper circuit of ₹1,773.35 on BSE in morning trade on Thursday, April 18. KPI Green Energy share price opened at ₹1,720.55 against its previous close of ₹1688.95 and soon jumped 5 per cent to get locked in its upper price band on the BSE. After hitting its 52-week high of ₹1,895.95 on February 26 this year, KPI Green Energy share price saw profit booking in March and fell over 12 per cent during the month.
However, the stock has seen smart gains in April so far, rising over 16 per cent, driven by a bright outlook for the renewable energy sector. Over the past year, KPI Green Energy share price has experienced an extraordinary surge, multiplying nearly sixfold, or skyrocketing by over 456 per cent, based on its current market price of ₹1,773.35. KPI Green share price hit its 52-week low of ₹309.15 on April 18, 2023.
At the current market price, the stock is up 474 per cent from its 52-week low. Also Read: Heady cocktail makes equities tipsy KPI Green Energy is a midcap company which operates in the solar power generation sector. It functions as an independent power producer (IPP) under the 'Solarism' brand as well as a service provider to captive power producer (CPP) clients.
Recently, the company has ventured into the hybrid segment of renewable energy to ensure enhanced grid stability. By combining solar and wind power, the company intends to ensure efficiency and sustainability in energy generation. This approach also offers a commercially viable solution as it optimises transmission charges and maximises grid capacity utilisation.
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