Another Strong Day For Green Energy Stocks As Uptrend Continues

Another Strong Day For Green Energy Stocks As Uptrend Continues No Upward Mobility Of Indian Green Stocks Today

April 5, 2024. Even as Waaree Renewable seemed to pause its march to new highs in the morning before resuming in the second half, JSW Energy and SJVN also enjoyed a good day with 2% plus gains. All eyes in the market will now probably shift to the first of the quarterly results expected in the space later in April, as valuations continue to be stretched to accommodate high expectations of a blockbuster year.

Company name

Closing Price On April 4

Closing Price on April 5

Change %

Borosil Renewables Ltd 537.40 539.35 +0.36%
Waaree Renewable Technologies Ltd 1708.20 1793.60 +5.00%
Sterling and Wilson Renewable Energy Ltd6 526.75 524.00 -0.52%
KPI Green Energy Ltd 1662.05 1659.55  -0.15%
SHAKTI PUMPS (INDIA) LTD 1474.10 1459.90 -0.96%
TATA POWER CO.LTD. 414.15 414.25 +0.02%
JSW Energy Ltd 582.90 595.65 +2.19%
SUZLON ENERGY LTD 43.03 42.71 -0.74%
Adani Green 1890.00 1900.00 +0.53%
Inox Wind Energy 5996.30 5970.00 -0.44%
SJVN 131.65  135.55  +2.96%

Even as Waare continued to be locked into the upper circuit, other key input suppliers like Borosil Renewables, Suzlon Energy and Shakti Pumps are taking a pause it seems, as the market reassess their prospects in the face of competition, or the pace of government contracts in the case of Shakti Pumps.

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