Green Stocks Nov 28: Adani Bounce Back Continues, NTPC Green Shines

Following its strong recovery yesterday, Adani Green Energy continued its sharp recovery, rising 10% again today. Keeping it company was the newly listed NTPC Green, which rose almost 5% to 127 on the back of a project commissioning. Waaree Renewable Technologies powered up 5% after its announcement late last evening of a 2 GW project.

Both the wind firms, Inox Wind and Suzlon also moved back into green, Inox Wind especially rising over 3%. It was the same story with the two major solar manufacturers, Premier Energies and Waaree Energies, both of whom moved up as well. A somewhat surprising twist was in store for Shakti Pumps, which reversed course sharply after listing ex-bonus this week. The share was down 5%, perhaps due to offloading of the new shares by some investors.

Quite simply, the green pack was much more resilient than the Nifty 50 pack, thanks mostly to a positive news flow around key stocks. Can this be sustained? We will know soon enough, as the next few months are usually key for renewable project commissionings.

Company Name	Closing Price On November 27	Closing Price on November 28	Change %
Borosil Renewables Ltd	441.90	442.00	+0.02%
Waaree Renewable Technologies Ltd	1423.30	1494.45	+5.00%
Sterling and Wilson Renewable Energy Ltd	494.40	491.40	-0.61%
KPI Green Energy Ltd	767.45	792.95	+3.32%
Shakti Pumps (INDIA) LTD	863.95	820.75	-5.00%
Acme Solar	259.45	278.50	+7.34%
SUZLON ENERGY LTD	63.59	63.75	+0.25%
Adani Green Ltd	988.40	1,087.20	+10.00%
Inox Wind	187.13	193.80	+3.56%
Gensol Engineering Ltd	811.65	802.00	-1.19%
Premier Energies	1,111.00	1,140.05	+2.61%
Waaree Energies	2,607.75	2,630.30	+0.86%
KP Green Engineering Ltd	588.00	571.00	-2.89%
NTPC Green	121.65	127.20	+4.56%