Green Stocks Feb 6: Performance Matters Is the Only Mantra, As KPI Green Shines

Borosil Renewables Plunges While Most Green Stocks Record Marginal Increase

With a sterling 60% growth in topline and 80% plus in the bottom line, KPI Green was one of the few stocks to withstand another day of selling pressure among our green stocks today. Almost all other stocks other than Borosil Renewables, felt the pressure, dropping slightly, appreciably, or barely staying in the green like Premier Energies. Borosil Renewables, for what it’s worth, has not declared its third quarter results yet, and one has to wonder how the stock will fare if the results do not meet with the expectations clearly being built up.

Acme Solar, which enjoyed a strong up move to continue its positive march from yesterday, but remains well off its IPO price of Rs 289, one of the few green energy firms to continue to trade below its list price.

The good news is that the results from KPI Green, besides other green energy players, continue to indicate a strong momentum for renewable energy additions in the coming quarters, which will be reassuring for investors in these stocks, especially if they have piled into them recently before the fall.