Green Stocks August 23: Borosil Renewables Stock Goes Up 2.53%

On a day when the markets were mostly rangebound, it was the Green energy stocks, unsurprisingly, that did some heavy lifting. With most in the midcap or small cap space, price movements continued to be more volatile than the rest here. Leading the charge was Borosil Renewables with an over 2.5% gain, followed by Adani Green, the green energy developer arm of the Adani Group. Suzlon and Inox, the wind energy stocks, both rose slightly, while SJVN also reversed trend after a few down sessions. 

All the rest, including the EPC firms shed some points, with Sterling and Wilson the biggest loser for the day. However, the EPC pack remains well valued, and could yet take off anytime a firm announces a big project win/s. A benign price environment continues to support and provide clear visibility for the next two quarters and more  comfortably, which should be reassuring for investors worried about high valuations.