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Green Stocks Feb 2- The Day After

A benign interest rate environment, which has allowed most top-rated firms to bring down weighted cost of capital to 8% or thereabouts, is a far bigger blessing at this stage

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SaurEnergy News Bureau
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Hopes that Sunday was an aberration were belied by the broad selling pressure, alleviated among the large caps somewhat. The limited buying was not enough to save many in the green pack, as most stocks continued to face selling pressure.  Concessions on the import of capital goods (equipment) supported the stocks of solar manufacturing firms, as most continue their expansion phase.  
Among developers, only Adani Green continued to recover from its recent lows, while the rest continued to flounder. While there are a few listed battery(BESS) firms, the concessions there will also help at a time when prices are threatening to go up.

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A day after the budget, it is clearer that the government might be shifting to specific fiscal incentives, and looking to states to do some of the lifting to drive growth, as seen in the corrections made for QCOs or even the nudge towards 'Challenge' based allocations.

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A benign interest rate environment, which has allowed most top-rated firms to bring down weighted cost of capital to 8% or thereabouts, is a far bigger blessing at this stage for most firms in any case. However, any upward push on this, not really visible for now, could wreak havoc; there is no doubt.

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List of Green Stocks

Company NameClosing Price on Feb 2Change %Year To Date

Acme Solar

219.96   -0.76%-4.82%

Adani Green

845.00     +4.73% -16.04%

Alpex Solar

   
698.00
  
-1.89%-8.3%

Borosil Renewables

481.90      -0.37%-8.54%

Emmvee Photovoltaic Power 

 194.59+1.16%
-0.35%

Inox Wind

104.80     +0.48%-12.62%

KPI Green Energy

390.00    -0.47%-21.38% 

NTPC Green

85.30    -1.16%-8.87%

Oswal Pumps

382.00   +1.85%-25.08% 

Pace Digitek

168.46
+0.50%
-9.41%

Premier Energies

738.00   +6.73%-14.53%
Shakti Pump608.00    -0.35%-14.32%
Solex Energy920.00    -5.14%-22.89%
Sterling and Wilson186.30    +0.42%-13.62%

Suzlon Energy

47.22    +2.27%-9.49%
Tata Power359.05    +1.33%-3.5%
Vikram Solar201.00    +1.56%-14.2%
Waaree Energies
2,805.00   
+5.95% -6.08%

Waaree Renewable Technologies 

901.00    +0.98%-6.11%
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Stock Market Green Stocks green stocks in India stock market in India Indian stock market
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