Indian Green Stock Jan 8: Shakti Pumps, Borosil Shine Amid Slowdown

At a time when most of the Indian green stocks suffered a jolt and reported negative growths, two companies reported an increase in their stock values. These included Indian solar glass maker Borosil Renewables and Madhya Pradesh-based solar pump company Shakti Pumps. The two companies witnessed a rise of 5% each on the day full of uncertainties. Several uncertainties and apprehensions at the national and international level led to a slump in the stock values of most of the renewable energy stocks.

Shakti Pumps stocks which have fared well in the last few months bolstered the confidence of its investors with an increase in its value. On the other hand, Borosil Renewable witnessed an increase in its stock value too. The firm is now faring well with the imposition of anti-dumping duty against solar glass imports, paving the way for more domestic business for the firm. NTPC Green, on the other hand was the third green stock which witnessed a rise in its stock price, albeit with a margin of merely 0.94%.