Blockbuster Listing For GP Eco Solutions, EPCs Dragged Down By High Valuations

On a day when a new green energy listing, GP Eco Solutions listed at a 318% to its issue price, the broader basket of green energy stocks could not quite replicate the same performance. While Shakti Pump continued its incredible run with another lock at the upper circuit (5%), Borosil Renewables rose 3.83% and Suzlon Energy another 3.11%. The fresh legs on these did not quite show themselves on Waaree Renewable and on KPI Green, both of which continue to drift with drops of 2.19% and 0.94%.  

India’s largest green developer, Adani Green did rise however, going up 1.8%. 

Sterling and Wilson Renewables rounded off a poor day for solar EPCs, dropping 0.31% as well.