New Delhi, Nov. 9 -- Shares of KPI Green Energy, one of the leading players in the renewable energy sector, ended Monday's trading session 9% higher at Rs.331 apiece, bringing much-needed optimism to investors as the stock has been struggling with steep losses since April.

Although there was no immediate fundamental trigger behind the rally, a sharp surge in trading volumes accompanied the stock's strong performance. Around 40.5 million shares changed hands across the BSE and NSE during the session, 64.35 times higher than the weekly average, according to Trendlyne data.

Monday's rally lifted the stock's month-to-date gains to 19.6%, helping it recover much of the 23% decline recorded in October. Nevertheless, the stock remains down 34%...