Green Stocks Sep 24- Stocks Move Back Into Value Zone

Even while a minor recovery has helped in the latter half, a lot of stocks in our green pack are definitely back in what we term the value zone, where we have usually seen buying support step in. While the strong belief and support for solar manufacturing firms is obvious in how they have been able to ride out the current weakness, the big question remains around the developers and EPC firms. Firms in these segments have simply not been able to unshackle themselves from the doubts and worries around project execution and margins, making prices drag. 

On top of that, the markets seem to favour newer firms getting listed for now, as those have tended to offer more comfortable valuations for many. Now, with Saatvik Solar, a manufacturer, and GK Energy, a solar pumps operator set to list later this week, it will be instructive to see if investors manage to eke out any gains, despite whatever signals their grey market signals sent earlier. 

We firmly believe it is a matter of time before the tide turns now, as the risk-reward equation continues to shift in a favourable direction for investors in many of these counters. Expect a clawback this week, or sometime next week, possibly.

List of Green Stocks