Shares of power generation company Torrent Power surged up to 7 per cent at Rs 1,512 on Wednesday’s intraday trade on BSE. However, giving up the early gains the stock was trading at Rs 1,440 up 2.28 per cent at 12:15 PM. In comparison the S&P BSE was up by 0.76 per cent.
The stock also reached its 52 week high at Rs 1,515 during the day’s trade. Around 3 lakh 39 thousand shares of Torrent Power traded handes on the BSE on Wednesday.
This comes after the spot price of liquified natural gas was trading relatively lower to alternative fuels and recovered only slightly from its three year low. Using LNG to produce electricity lowers greenhouse gas, sulphur dioxide, and particulate matter emissions.
