KPI Green Energy Slides 6.9% After CEO Resignation

KPI Green Energy declined 6.87% after the resignation of its Group CEO. Key technical levels indicate resistance near ₹420 and support around ₹270. KPI Green Energy Limited [

] shares declined 6.87% to ₹321.85 on October 5, 2026, marking their third consecutive losing session after the company announced the resignation of Group Chief Executive Officer Alok Das, effective October 1, 2026. The stock opened at ₹345.60 and slipped to an intraday low of ₹320.00 as investors reacted to the management change. Senior leadership exits often create uncertainty regarding business continuity and future growth plans, resulting in short-term volatility. Prior to the recent correction, KPIGREEN had rallied sharply from around ₹272 in September to nearly ₹387, making the current decline a partial retracement of that move. Technical indicators suggest momentum has moderated, with the Relative Strength Index (RSI) at 47.93, slightly below its average level of 50.19. From a technical perspective, the stock faces immediate resistance near ₹420, while the major support zone is placed around ₹270. A decisive move above ₹420 could signal renewed bullish momentum, whereas a breakdown below ₹270 may increase downside pressure. Until either level is breached, the stock is likely to remain in a neutral trading zone. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.