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.

More To Explore

FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors

FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank

September 8, 2026

CAS rewrites the closing bell: How market stocks fared in a month and what’s next

Following the introduction of the Closing Auction Session, capital-market stocks displayed a range of performances. While Motilal Oswal Financial Services and MCX enjoyed substantial gains

September 8, 2026

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003