Green Stocks August 2: Shakti Pumps, Suzlon And KPI Green Stand Out On A Tough Day For Stock Markets

As the market slipped over 1%, a number of green energy stocks survived the day with gains. If that doesn’t give you an indication of the outlook for this sector, then consider how Suzlon and Shakti Pumps both rose to hit almost the upper circuit of 5%. While Suzlon gained after a positive outlook for its management on the future and its current order book, Shakti Pumps rose after another order for Solar Pumps, this time in UP. KPI Green too shrugged off market weakness to rise over 4%, even as fellow Gujarat-based EPC, Waaree Renewable Technologies slumped 5% yet again, two days in succession since it announced Q1 results. Will KPI Green buck the trend, or will it rise high enough before announcing its results? We are as eager to see as you are!

Both the large developers in our pack, Adani Green, Tata Power, and JSW Energy bowed to market sentiments and slipped, the latter two notably less.

With hopes of an interest rate cut in the US fading, it could yet mark a period of consolidation or even further slippages in India, but going by the evidence over the past year and more, green energy stocks are far more likely to be resilient than most, should the going get tough.

Green Stocks Aug 1: Shakti Pumps, KPI Green See Highest Growths

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