KPI Green Energy shares skyrocket 27% in 2 days on strong volume

Shares of smallcap power company KPI Green Energy extended their sharp uptrend on Wednesday, rallying as much as 8% to touch an intraday high of Rs 513.60 on the BSE. The stock has now jumped nearly 27% over the last two trading sessions, driven by strong volumes and improved investor sentiment in the renewable energy space.

The stock opened flat at Rs 474.80 but quickly gained momentum, climbing past Rs 500 to mark a strong intraday move. Its 52-week high stands at Rs 589, while Tuesday’s gain helped it close well above key moving averages.

In terms of volumes, the stock witnessed a total traded quantity of 24.74 lakh shares, far exceeding its two-week average of 4.11 lakh, while generating a turnover of over Rs 123.47 crore. KPI Green’s total market capitalisation now stands at Rs 10,068 crore.

KPI Green Energy technicals suggest strong placement

According to Trendyne data, technically, KPI Green is showing strength, with the stock currently trading well above its 10-day, 20-day, 50-day, 100-day and 200-day Exponential Moving Averages (EMA), a sign of sustained bullishness. The Relative Strength Index (RSI) stands at 62.8, indicating positive momentum without yet entering the overbought zone.

KPI Green share price history

On the returns front, KPI Green Energy shares have delivered gains of 22.4% in two weeks, 19.8% in one week, and over 18.6% in the past month, recovering significantly from year-to-date losses. Despite being down 5.98% over the past year, the recent surge has sparked fresh optimism among market participants.

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