Green Stocks Aug 22: Inox Wind Stands Tall On A Hard Day

By Saur News Bureau/ Updated On Thu, Aug 22nd, 2024

Much as expected, at a time when the market is resting all time highs, the nervousness has spread to our green energy pack as well. Just three stocks out of 12 in our list managed to stay in the green, namely, Shakti Pumps, Inox Wind and KPI Green Energy. Even these three will have to meet the pressure of expectations as their valuations stay close to levels they had never experienced before. Especially Wind energy player, Inox Green.

Expect significant price movements to be driven or triggered by key announcements linked to project wins and the like, as not much more is expected on the policy front for the remainder of the year perhaps. Investors will be reassured by the strong momentum in earnings exhibited by most of the players in the pack, with earnings visibility for the next three to four quarters quite high. On the other hand, even the slightest speed bump on that high growth path could lead to strong knee jerk reactions from the market.

Company name	Closing Price On August 21	Closing Price on August 22	Change %
Borosil Renewables Ltd	512.30	503.70	-1.68%
Waaree Renewable Technologies Ltd	1485.05	1451.00	-2.29%
Sterling and Wilson Renewable Energy Ltd	697.10	683.00	-2.02%
KPI Green Energy Ltd	937.80	939.00	+0.13%
Shakti Pumps (INDIA) LTD	4415.50	4451.00	+0.80%
TATA POWER CO. LTD.	424.30	424.30	-0.32%
JSW Energy Ltd	720.00	715.00	-0.69%
SUZLON ENERGY LTD	78.84	77.69	-1.46%
Adani Green Ltd	1918.95	1888.40	-1.59%
Inox Wind Energy	11636.55	11874.00	+2.04%
SJVN Ltd	136.50	133.30	-2.34%
Gensol Engineering Ltd	943.50	935.00	-0.90%