Waaree Renewable Leads Gains Among Green Stocks with +5.00% rise on April 4

In our new tracker for Green Energy stocks, we will bring you a daily update on key green energy stocks and their price movement on the Bombay Stock Exchange. It’s a sector that deserved to be covered, not just because of the hype and visibility that has taken many of these shares to lifetime highs, but for the real impact the fate of these firms will have on India’s national goals. Sentiment is a reigning part of the mix for these green stocks, as the markets bet on continuing support from the government as well as the imperatives of the climate commitments to ensure these firms have a good run and a high premium over the broader market valuations. So much so that large developers like Renew must be ruing their listing at NASDAQ through the SPAC route at that, seeing  the valuations peers and EPCs are getting in India. Expect more and more cleantech firms to hit the markets as well in the future, a situation far removed from what existed just a few years back.

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The leader today was Waaree Renewable, a stock that has been locked on the upper circuit for almost two weeks now, even after it’s 5:1 stock split .