May 23- For a Change Market Plays Catch Up With Green Stocks

May 23- For a Change Market Plays Catch Up With Green Stocks Green Stocks June 18: Shakti Pumps Sees Highest Surge In Stock Price

On a day when the broader Nifty Index was up almost 1.6%, most green energy stocks trailed market gains. While Waaree Renewable Technologies remained locked into the lower 5% circuit, other EPC players like Sterling and Wilson Renewable also dropped appreciably, while KPI Green managed to hold on to morning gains at close as well. Shakti Pumps saw a topsy-turvy day but eventually closed up over 4%. The larger firms like Tata Power, JSW Energy, and Adani Green, JSW Energy all stayed in the green, but not necessarily ahead of market gains. Suzlon, which seems to have caught a second wind this week, was up 5% however. With the results season almost behind us, the next two months seem to be linked to the election results, where a win for the incumbent government will almost certainly see another 5-10% across the board for the renewables pack. A second trigger of course will be order wins, which should pick up pace from June onwards.

Company name

Closing Price On May 22

Closing Price on May 23

Change %

Borosil Renewables Ltd 502.45 500.00 -0.49%
Waaree Renewable Technologies Ltd 1884.90 1790.70 -5.00%
Sterling and Wilson Renewable Energy Ltd 783.25 772.95 -1.32%
KPI Green Energy Ltd 1883.85 1907.65 +1.26%
Shakti Pumps (INDIA) LTD 2682.40 2810.00 +4.76%
TATA POWER CO.LTD. 447.60 448.00 +0.09%
JSW Energy Ltd 609.60 617.00 +1.21%
SUZLON ENERGY LTD 45.96 48.25 +4.98%
Adani Green 1865.85 1888.25 +1.20%
Inox Wind Energy 6893.50 6950.00 +0.82%
SJVN 146.15 147.40 +0.86%

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