In Weak Market, Solar EPC Stocks Stand Out

In Weak Market, Solar EPC Stocks Stand Out No Upward Mobility Of Indian Green Stocks Today
On a day when the markets remained broadly weak, solar EPCs in our green pack continued to stand pout, with all four of them licked at their upper circuit filters of 5% each. While some like SWREL are riding high hopes, others such as KPI Green and Shakti Pumps are benefitting from outstanding results and a strong order pipeline. Waaree Renewable Technologies has been an outperformer and continues to defy the odds, with future direction linked to its impending results. The large-cap shares, be it Tata Power, JSW Energy or Adani Green reflected the market weakness, as they drifted lower through the day by up to 3%.
It is quite clear that solar growth is being taken for a given by the market today, especially in the rural and mid-market segments, with only some worries for valuations in the utility-scale segment.

Company name

Closing Price On May 02

Closing Price on May 03

Change %

Borosil Renewables Ltd 513.90 506.90 -1.36%
Waaree Renewable Technologies Ltd 2734.70 2871.40 +5.00%
Sterling and Wilson Renewable Energy Ltd 680.55 714.55 +5.00%
KPI Green Energy Ltd 1870.45 1963.95 +5.00%
SHAKTI PUMPS (INDIA) LTD 2177.00 2285.85 +5.00%
TATA POWER CO.LTD. 454.60 446.25 -1.84%
JSW Energy Ltd 642.70 621.00 -3.38%
SUZLON ENERGY LTD 41.37 40.65 -1.74%
Adani Green 1798.15 1766.00 -1.79%
Inox Wind Energy 7535.50 7159.00 -5.00%
SJVN 135.15 132.10 -2.26%

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