The gains were led by Borosil Renewables which soared up to 19 and hit its 52-week high of Rs 602 on the NSE. Tata Power was another top gainer which surged nearly 6% to its 52-week high of Rs 365.75. Others, including Sterling and Wilson Renewable Energy, Waree Renewable Technologies, Surana Solar, Gensol Engineering and state-owned Indian Renewable Energy Development Agency (IREDA) rose up to 5%. All these stocks also hit their 52-week highs.
After the Ram temple ceremony in Ayodhya, Prime Minister Narendra Modi announced a scheme to install rooftop solar systems in 1 crore homes.
Read more: Cipla shares jump 7%, hit 52-week high on strong Q3 earnings
“Today, on the auspicious occasion of consecration in Ayodhya, my resolution got further strengthened that the people of India should have their own solar rooftop system on the roof of their houses. The first decision I have taken after returning from Ayodhya is that our government will launch “Pradhanmantri Suryodaya Yojana” with the target of installing rooftop solar on 1 crore houses,” Modi tweeted.
“This will not only reduce the electricity bill of the poor and middle class but will also make India self-reliant in the energy sector,” he further added.
He posted pictures of him discussing the scheme with officials following his return from Ayodhya where he attended the consecration ceremony.Devotees across the world always draw energy from the light of “suryavanshi” Lord Ram, Modi said.
(You can now subscribe to our ETMarkets WhatsApp channel)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
