Adani Green Energy Shares Fall 1.6% as Renewable Stocks Trade Mostly Negative on Sept 24
Shares of Adani Green Energy descended 1.6% to ₹1,280.10 apiece on the NSE. The stock had hit its 52‑week high of ₹1,631.50 per share on July 14, 2026, while its year's low of ₹765 per unit was recorded on January 23, 2026. The scrip has gained 0.46% in the past week, lost 2.13% in a month, and surged 24.78% year‑to‑date.
The stock of Waaree Energies fell 1.19% to settle at ₹2,482 per share on the NSE. The company’s board of directors on Wednesday approved the draft Scheme of Amalgamation of Indosolar with Waaree Energies and their respective shareholders, aiming to simplify the group structure and consolidate assets and liabilities. The Scheme is subject to receipt of statutory, regulatory and customary approvals, including from BSE Limited, the National Stock Exchange of India Limited, the jurisdictional National Company Law Tribunal and the shareholders and creditors of the parties.
Shares of NTPC Green Energy closed flat, with a positive bias, at ₹95.21 apiece, up 0.01%, on the NSE. On Monday, the company declared the commercial operation of the fourth part capacity of 6.3 MW of the Vanki Wind Energy Project in Gujarat’s Kutch, out of 1,050 MW of wind components under the 500 MW REMCL RTC Project of NTPC Renewable Energy, the company’s wholly owned subsidiary. It also declared commercial operation of the first part capacity of 50.4 MW of Jamjodhpur Wind Energy Project at Gujarat’s Jamnagar, out of 1,050 MW of wind components under the 500 MW REMCL RTC Project of NTPC Renewable Energy.
Shares of Suzlon Energy declined 3.28% to ₹41 per unit on the NSE. Its market capitalisation stands at ₹55,999.52 crore. The decline follows a broader negative trend among renewable energy stocks on Thursday, September 24, as several names including Waaree Energies, Premier Energies, Adani Green Energy and ACME Solar Holdings also fell. Investors noted that the sector's performance was influenced by recent project announcements and regulatory approvals.
Overall, a majority of renewable energy stocks traded in the negative territory on Thursday, September 24. Shares of Waaree Energies, Premier Energies, Adani Green Energy and ACME Solar Holdings were down, while NTPC Green Energy shares moved slightly higher, closing at ₹95.21 with a marginal 0.01% gain. The day’s movements underscored the mixed sentiment in the sector, with some names benefiting from operational milestones and others experiencing declines.