Green Stocks Oct 24: Wind Energy Gets Respite As Slide Continues

Pressure continued on green stocks, despite the record breaking performance of the big daddy, Waaree Energies IPO. The dichotomy could perhaps be explained by the sheer amount of interest in the Waaree IPO, which seems to have sucked a lot of liquidity out for applications to the IPO. As refunds pour in by next week, we should have a clearer picture of the way ahead for our green pack.

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Blowing another way were the two wind energy firms, Suzlon and Inox Wind today, as both bucked the broader trend to end with small gains. Gensol and Tata Power were the only others to end in the green, as bargain seekers perhaps returned to fish again.

The Waaree Listing next week will be the big event for the sector of course, but the resilience of the valuations for Premier Energies indicates a blockbuster debut even in these challenging market conditions for the much in demand share.