Green Stocks Jan 29: Stocks Rebound Strongly On Good Results

On a day when the market grows, it was good to see green energy stocks rising far more and higher. This was probably the result of the extreme corrections seen over this week and it's difficult to say whether this rebound will last or not.

While companies like Waaree Renewable Technologies which we have highlighted earlier were beaten down way beyond what was considered way beyond normal a few months back. The sharp rebound today is no guarantee that they would be able to sustain at these rates or that they would rise higher. Investors need to be cautious and take a wait-and-watch approach.

A great set of results from Suzlon saw both the wind energy stocks Inox Wind and Suzlon rise sharply today and that again is more of an indicator of their future potential and their strong results than anything else. Future directions for most of these green stocks would probably be a function of how the broader market moves from here on.