Green Stock August 9: Waaree Renewable, KPI Green Continue In Spotlight

It was yet another day when the two smaller domestic solar EPCs, Waaree Renewable Technologies, and KPI Green Energy, found themselves locked on Upper circuits. Strong Q1 results have acted to catalyse investor interest yet again in these firms, after some fears that they might have run ahead of performance. Tata Power, Shakti Pumps, Adani Green and SJVN were the only firms that were in the red today, as the rest of the green pack all stayed in green territory. Even for these firms, especially TATA Power and Shakti Pumps, the weakness of any can be attributed to the concerns around valuations, as these are also richly valued vis a vis their historical valuations. But looking at the order books and outlook for most of these players, one can genuinely say that this time it IS different, and short of a singular disruption to the market, we can continue to see these firms deliver stronger results than they have done historically.