Green Stocks Nov 12: Waaree, JSW, KPI Green Stand Out As Stocks Slump

Green Stocks Nov 12: Waaree, JSW, KPI Green Stand Out As Stocks Slump green stocks

The rush of FII selling has left India’s equity markets searching for a temporary bottom. That has meant a severe beating down of prices for many stocks, and our green brigade has not been left unscathed. Today was a day for newly listed Waaree energies to claw back the losses it suffered yesterday, as investor optimism trumped risks from a Trump presidency for its US exports. JSW Energy simply demonstrated strength in a tough market on the back of its strong project pipeline. KPI Green is probably seeing some value buying emerge, as the firm looks ahead to a traditionally strong H2 for EPCs.

To seek out green winners today, you will probably need to look at the SME board, where many solar manufacturers and others continue to trade at very high levels in terms of valuations. Will those valuations sustain even as their larger peer group finds lower levels for stability? Time will tell.

Company Name

Closing Price On

November 11

Closing Price on

November 12

Change %

Borosil Renewables Ltd 503.10 470.80 -6.42%
Waaree Renewable Technologies Ltd 1,536.50 1,480.00 -3.68%
Sterling and Wilson Renewable Energy Ltd 536.15 509.35 -5.00%
KPI Green Energy Ltd 753.65 782.00 +3.76%
Shakti Pumps (INDIA) LTD 4,710.35 4,540.05 -3.62%
TATA POWER CO. LTD. 431.50 413.00
JSW Energy Ltd 739.25 745.00 +0.78%
SUZLON ENERGY LTD 62.16 59.39 -4.46%
Adani Green Ltd 1,557.40 1,522.50 -2.24%
Inox Wind 204.78 199.60 -2.53%
SJVN Ltd 109.12 108.10 -0.93%
Gensol Engineering Ltd 797.55 800.00 +0.31%
Premier Energies 1,040.60 1,028.00 -1.21%
Waaree Energies 2,822.80 2,859.70 +1.31%

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