Green Stocks Dec 6- Borosil Shines As Anti Dumping Umbrella Opens For Solar Glass

As the market stayed rangebound, it was one of those rare days when a stock from the green pack did not spike…Unless of course, you forget Borosil Renewables. The solar glass maker continued on its merry way, spiking almost 8% today after the imposition of anti-dumping duties on solar glass. The move will definitely improve margins and profitability for the leader in India, which also has a European presence now.

As if the combination of protection all round for solar manufacturers could only be bad news for end customers who might have to pay more, solar EPC firms struggled today, with Waaree RTL, Shakti Pumps and KPI Green struggling to get anywhere, even as Sterling and Wilson Renewable Energy managed to move into the green after a slow week. The two solar manufacturing stocks in our pack, Waaree Energies and Premier Energies, had a contrasting day, with Waaree Energies clearly the better off today logging over 2% gains.

Among the developers, both the recently listed firms,  Acme Solar and NTPC Green managed to buck the trend and stay green, even as Adani Green continued to struggle under the long shadow of its US troubles.

Company Name	Closing Price on December 6	Change %
Borosil Renewables Ltd	552.25	+7.80
Waaree Renewable Technologies Ltd	1450.35	-0.18
Sterling and Wilson Renewable Energy Ltd	512.75	+0.66
KPI Green Energy Ltd	819.0	-0.14
Shakti Pumps (INDIA) LTD	766.00	-1.13
Acme Solar	274.30	+0.35
SUZLON ENERGY LTD	67.32	-1.38
Adani Green Ltd	1,209.50	-1.63
Inox Wind	207.30	+1.13
Gensol Engineering Ltd	805.00	-0.94
Premier Energies	1,267.90	+0.43
Waaree Energies	2,891.0	+1.82
KP Green Engineering Ltd	594.25	+4.29
NTPC Green	143.60	+1.77

The end of the week will be a welcome break for many who might have expected things to pan out differently for the green pack, but as e have been saying regularly, expect strong directions  to be based on hard news, like we saw for Borosil Renewables. It’s a method that is likely to be followed going ahead as well, till the time we head into results season in January. With most firms expected to deliver strong numbers, the green pack in our view has limited downside from here on, and an upside that will be better than the market when triggered.