Green Stocks May 9- Stocks Weather Escalation Of Hostilities

As the hostilities between India and Pakistan continued to escalate, the stock markets were relatively resilient, recovering early losses significantly. Green stocks in particular survived the day with marginal losses, considering how close most are to what many investors consider value levels, Shooting up was Borosil Renewables, up almost 10% as the solar glass maker benefited from a favorable DGTR investigation into Solar glass dumping from China and Vietnam, that will give it a period of 5 years of protection. That is huge at a time when the market is growing, and no surprise that the stock shot up despite the weak market.

The other stock to hold its own was Shakti Pumps, in anticipation of a solid Q4 result sheet from the firm expected later today. It was the same hope of impending results that probably kept Premier Energies also in positive territory. So far, numbers from listed solar firms have indicated a strong quarter as well as a robust order book. Keep in mind that these orders are firm orders, and not subject to any further sales agreements between developers and offtakes. Any improvement in that situation will mean an even stronger demand, which augurs well for these firms.

The market also seems sanguine about the impact on these firms from an extended hostile engagement with Pakistan, as China has given no indication it will act to choke any supplies to India. Remember, Indian manufacturers continue to depend on China for key solar inputs like Wafers even today.

All in all, heading into the weekend, the message for everyone is probably to buckle up and be ready to pay for the larger national objectives at stake here, in terms of delays in returns or even higher costs possibly in due course. But the industry seems well behind the government in its resolve to send a clear and strong message to adversaries that the country will not accept criminal acts on Indian soil with just a rap on the knuckles anymore.

Company Name	Closing Price on May 9	Change %
Borosil Renewables Ltd	532.65	+9.99%
Waaree Renewable Technologies Ltd	909.85	-2.63%
Sterling and Wilson Renewable Energy Ltd	255.20	+0.14%
KPI Green Energy Ltd	349.00	-2.85%
Shakti Pumps (INDIA) LTD	884.80	+1.48%
Acme Solar	212.01	-1.45%
SUZLON ENERGY LTD	52.93	-0.41%
Adani Green Ltd	883.90	+0.39%
Inox Wind	158.00	-1.49%
Alpex Solar Ltd	746.90	-3.58%
Premier Energies	954.00	+0.98%
Waaree Energies	2,601.00	-0.36%
TATA Power Ltd	371.60	+0.39%
NTPC Green	98.20	+0.29%