Green Stocks Sep 25 - Green Pack Trails Market

If there was ever a time to make a case for a green energy index, it is now. The green pack distinctly underperformed the Nifty, or the small-cap, mid-cap indices, today. And by some margin, if the accompanying table doesn't make that clear to you, then take a long, hard look again. The first cracks are becoming visible on the pedestal that the green pack has enjoyed for so long, and a further drop from here could cause a lot of damage to many plans, present and future. 

The fall was broad and deep in many cases, considering how much many of these stocks have already lost. As we had mentioned yesterday,  these are levels many of these stocks haven't seen before, even ever in some cases. But that clearly doesn't mean the market is done sending everyone a reminder that gravity exists for a reason. For investors, it's a time to sit tight, before rushing to jump in, however tempting these levels might seem. For there are strong stories aplenty, and equally, some stories that seem to have lost their zing.

Expectations need to be tempered before they are raised again, and for now, the only new millionaires being minted thanks to the green pack are the future ones waiting to take their firms public. The listings of Saatvik Solar and GK Energy become even more important in this situation, as whatever premium the grey market seemed to indicate for these will be evaporating fast based on today's market closing.  Ongoing issues and upcoming ones will be watched a little anxiously, too, because many firms have made plans and commitments that have left very little possibility of a postponement of IPO, or worse, a cancellation.

For the green pack, it is no cliche to say that the next three weeks will matter more than any three-week period in the past ....two years?

List of Green Stocks