Strong results, order wins and momentum propels Green stocks

Order Wins, Strong Results Propel Green Energy Stocks on April 22

By Chitrika Grover/ Updated On Mon, Apr 22nd, 2024

The renewable bandwagon continues on its merry way, with just two out of the 11 stocks in our basket, ironically enough, the largest firms by revenues failing to rise along with the market today. Whole Tata Power and JSW Energy missed out, for KPI Green Energy, Shakti Pumps, Inox Wind Energy and Waaree Renewable, a combination of strong results, order wins and general momentum ensured they hit the 5% upper circuit filters today. Sterling and Wilson Renewable did one better, rising 10% as the firm turned the corner with profits in the Q4 quarter, and now looks set to build on a strong order book and demand environment for the next few quarters.

Company name	Closing Price On April 19	Closing Price on April 22	Change %
Borosil Renewables Ltd	515.05	519.40	+0.84%
Waaree Renewable Technologies Ltd	2380.20	2499.20	+5.00%
Sterling and Wilson Renewable Energy Ltd	561.05	617.15	+10.00%
KPI Green Energy Ltd	1735.35	1822.10	+5.00%
SHAKTI PUMPS (INDIA) LTD	1606.60	1686.90	+5.00%
TATA POWER CO.LTD.	428.00	427.80	-0.05%
JSW Energy Ltd	626.35	610.40	-2.55%
SUZLON ENERGY LTD	39.41	40.87	+3.70%
Adani Green	1770.75	1795.00	+1.37%
Inox Wind Energy	6142.85	6449.95	+5.00%
SJVN	124.20	128.70	+3.62%