Another Strong Day For Green Energy Stocks As Uptrend Continues

By Saur News Bureau/ Updated On Fri, Apr 5th, 2024

April 5, 2024. Even as Waaree Renewable seemed to pause its march to new highs in the morning before resuming in the second half, JSW Energy and SJVN also enjoyed a good day with 2% plus gains. All eyes in the market will now probably shift to the first of the quarterly results expected in the space later in April, as valuations continue to be stretched to accommodate high expectations of a blockbuster year.

Company name	Closing Price On April 4	Closing Price on April 5	Change %
Borosil Renewables Ltd	537.40	539.35	+0.36%
Waaree Renewable Technologies Ltd	1708.20	1793.60	+5.00%
Sterling and Wilson Renewable Energy Ltd6	526.75	524.00	-0.52%
KPI Green Energy Ltd	1662.05	1659.55	-0.15%
SHAKTI PUMPS (INDIA) LTD	1474.10	1459.90	-0.96%
TATA POWER CO.LTD.	414.15	414.25	+0.02%
JSW Energy Ltd	582.90	595.65	+2.19%
SUZLON ENERGY LTD	43.03	42.71	-0.74%
Adani Green	1890.00	1900.00	+0.53%
Inox Wind Energy	5996.30	5970.00	-0.44%
SJVN	131.65	135.55	+2.96%

Even as Waare continued to be locked into the upper circuit, other key input suppliers like Borosil Renewables, Suzlon Energy and Shakti Pumps are taking a pause it seems, as the market reassess their prospects in the face of competition, or the pace of government contracts in the case of Shakti Pumps.