Green Stocks July 7- Stocks Struggle To Weather Volatility

A new week started on a not-so-happy note for most of our green stocks, as the heavyweights in particular struggled to get going in a weak market. Be it Adani Green among developers, Waaree Energies among manufacturers, or Sterling and Wilson Renewable among the EPCs, all these leaders suffered small losses. These losses, one believes were only limited by investors who believe they will have a Q1 result to quieten all skeptics.

Acme Solar was the contrarian mover today, finally staying above the Rs 250 level, which augurs well for patient investors hoping to see it cross its IPO rate sometime.

It was not such a happy story for new investors in Shakti Pumps, however, as the stock slipped to 927 levels, after closing its QIP at 940 odd levels. The new pressure on the stock is an interesting change after the high optimism and valuations it enjoyed through most of 2024, and it is certainly something the management needs to consider.

Borosil Renewables was back in growth mode, as the share of the solar glass maker rose over 3% after the initial negative response to its announcement of insolvency for its German subsidiary. The firm has been given a long rope for its missteps by investors who are probably looking at the much bigger opportunity in India that the firm can focus on now. But they will need to be prepared for some more disappointment in the Q1 results first, which will bear the brunt of expenses borne till the date of insolvency filing in Germany.

With a decisive move on the US-India trade deal expected either way in the next 48 hours, don't expect any wild moves until an announcement is made. The latest threat to all BRICS countries from President Trump continues to push the world towards an abrasive, take-no-prisoners approach to negotiations, where you cannot really negotiate unless you hold a few strong cards of your own. Unless Trump's policies truly deliver as he keeps promising, market watchers might soon be waiting and hoping for a serious reversal for Trump's party in the mid-term polls in the US, to put a stop to this upending of established norms of doing business. Mind you, a lot of these rules have been made by the US itself.

List of Green Stocks