Green Stocks Jan 30- Stop Start Recovery Continues

As Indian stocks mounted some sort of a recovery, green energy stocks continued to have a mixed time. Thus, even as Acme Solar staged a smart recovery on the back of a strong set of results in Q3, NTPC Green could not sustain it with a more prosaic set of numbers. Shakti Pumps, despite a strong set of results, faces a market wary of its future numbers after the management admitted that the shortage of DCR modules was impacting its ability to grow faster. On the other hand, EPC developer KPI Green was amply rewarded for its 300 MW contract win, while the two wind energy firms, Suzlon and Inox Wind continued to rise, the former especially strongly after a positive analyst report on its prospects.

While daily ups and downs are a given what is clear is that most recoveries in stocks are stopping well short of previous highs, making the medium trend term still negative overall. Will the budget this Saturday change the trend, or will it take much more, and a longer wait before the tide shifts?

Somehow, we don't think it's going to be the former, and a long, and hard effort will be needed, which could try the patience of many investors in this for the short term.