Green Stocks 19 Sep: Market Turmoil Shakes Up Green Pack

NTPC Green Energy today entered into the Indian stock exchange. While it opened at a price of Rs 111.5 per share, its price shot up to Rs 121.25.

On a day when only the large cap NIFTY and BSE Indexes remained green, mid-caps and small-cap stocks bore the brunt of profit booking, Our Green energy pack, where only Adani Green, Tata Power, and JSW energy are large caps, could not ride out the selling pressure, with only Adani Green ending in the green.

For the rest, other than Waaree RTL that rode out a volatile day to continue its upward climb for day 4, most of the other stocks slipped.

With the Fed’s interest rate cut behind the market now, the 50 bps cut will surely support fund raising plans of green stocks in the long run. NTPC Green’s decision to file a DRHP also augurs well for the addition of quality firms to the public markets.