Energy stocks rally up to 7% on Sitharaman’s rooftop solar scheme announcement

February 1, 2024

Finance Minister Nirmala Sitharaman announced that 1 crore households will receive 300 units of free electricity through the rooftop solar scheme. As a result, green energy stocks including IREDA and Websol Energy surged 5%. Suzlon Energy and Sterling and Wilson rose 4% and 2% respectively.

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