Renewable Energy Stocks: India has become the 4th largest player globally in wind and solar power, with renewable energy capacity surpassing 179.5 GW. The surge in green energy is driving India s ambitious climate goals and electrifying stock markets.
Out of the last 15 months (including December), the stock finished 13 in the green. During this period, the shares appreciated from ₹83.70 apiece to ₹423 apiece, resulting in a gain of 405%.
Power Finance Corporation’s daily trend is bullish to sideways. RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 250 and 270. Let’s plan a trade around this.