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Green Stocks Jan 15: Stuttering Recovery Continues

After the strong rebound that we saw yesterday, as expected, the movement was a lot more sporadic and cautious today. So where Adani Green

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Saur News Bureau
Updated On
stock market May 12

stock market May 12

After the strong rebound that we saw yesterday, as expected, the movement was a lot more sporadic and cautious today. So where Adani Green Energy and KPI Green rose on the back of news on commissioning capacities and order wins respectively, Premier Energies also bucked the downtrend with the announcement of multiple order wins.

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Tomorrow is going to be an interesting day to see if the recovery has strength, although investors in SWREL and Waaree RTL will have more reasons to look forward to the day's quarterly announcement of results for Q3 from these firms. As we have been saying, Q3 results and news announcements of the type we say today are the one sure way for green stocks to maintain their high levels.
Shakti Pumps continued to slide back after going all the way to Rs 1387 levels and looks in a zone where investors might see strong value soon.

For the rest, Inox Wind had a strong day with a 45-plus rise, even as Acme Solar continued to flounder well below its IPO price, which we had always found a tad ambitious. The big one to watch tomorrow might be Adani Green as well, as the firm released a consistent 9month update for the year, indicating steady progress on its ambitious plans to reach 50 GW in capacity. a 32% CAGR from here on to 2030 from the current level of 11.6 GW is a good indicator of just how large the opportunity remains in the green energy sector for all firms.

Company NameClosing Price on January 15Change %
Borosil Renewables Ltd575.10-1.29%
Waaree Renewable Technologies Ltd1145.95+2.45%
Sterling and Wilson Renewable Energy Ltd424.00+2.58%
KPI Green Energy Ltd428.80+2.44%
Shakti Pumps (INDIA) LTD1,104.20-5.00%
Acme Solar222.49-2.11%
SUZLON ENERGY LTD57.27+0.17%
Adani Green Ltd1,038.00+3.09%
Inox Wind162.60+4.73%
Gensol Engineering Ltd728.00-0.50%
Premier Energies1,146.00+2.69%
Waaree Energies2,609.00-0.31%
KP Green Engineering Ltd488.50+1.53%
NTPC Green119.00-1.64%
Solar Energy Adani Green Energy Green Stocks green stocks in India Indian green stocks
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