Green Stocks Oct 24: Wind Energy Gets Respite As Slide Continues

Green Stocks Oct 24: Wind Energy Gets Respite As Slide Continues green stocks

Pressure continued on green stocks, despite the record breaking performance of the big daddy, Waaree Energies IPO. The dichotomy could perhaps be explained by the sheer amount of interest in the Waaree IPO, which seems to have sucked a lot of liquidity out for applications to the IPO. As refunds pour in by next week, we should have a clearer picture of the way ahead for our green pack.

Blowing another way were the two wind energy firms, Suzlon and Inox Wind today, as both bucked the broader trend to end with small gains. Gensol and Tata Power were the only others to end in the green, as bargain seekers perhaps returned to fish again.

The Waaree Listing next week will be the big event for the sector of course, but the resilience of the valuations for Premier Energies indicates a blockbuster debut even in these challenging market conditions for the much in demand share.

Company Name

Closing Price On

October 23

Closing Price on

October 24

Change %

Borosil Renewables Ltd 432.10 420.75 -2.76%
Waaree Renewable Technologies Ltd 1585.10 1530.35 -3.45%
Sterling and Wilson Renewable Energy Ltd 598.60 568.70 -4.99%
KPI Green Energy Ltd 786.50 784.10 -0.31%
Shakti Pumps (INDIA) LTD 4,443.25 4,400.10 -0.97%
TATA POWER CO. LTD. 437.70 437.00
JSW Energy Ltd 687.75 669.95 -2.59%
SUZLON ENERGY LTD 68.85 69.08 +0.33%
Adani Green Ltd 1,700.10 1,684.00 -1.06%
Inox Wind 208.08 209.06 +0.47%
SJVN Ltd 111.86 111.40 -0.41%
Gensol Engineering Ltd 799.80 810.00 +1.28%
Premier Energies 1,014.95 979.85 -1.90%

 

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