Green Stocks On April 30- Heavyweights Rule

On a day when the overall market are flirting with all time highs, it was the turn of the green energy heavyweights, from Adani Green, to NTPC, to Tata Power and JSW Energy to flex their strength as they all moved up. However, other than Adani Green, the rest probably moved up on expectations of strong performance from their larger thermal divisions, as power demand remains buoyant with summer starting in earnest.

On the smaller cap stocks, Shakti Pumps continued to be in high demand, hitting the upper circuit for the 4th day running. By contrast, sentiments were the other way for last week’s tearaway stocks, Waaree Renewable Technologies and KPI Green, both of which were locked on the lower circuits.