Green Stocks Jan 23: Recovery Continues To Evade Green Stocks

Green Stocks Aug 26: TATA Power, JSW Energy Stocks Prices Up

Today was one of those rare trading days when the market recovery outran any recovery in green stocks. So bad was the situation that even the news of Waaree Energies starting commercial production at its US plant did not move the stock, instead correcting by over 3%. While public sector SJVN did continue its weak recovery with another 2.5%, it remains over 30% below the highs it saw in 2024.

Premier Energies, the module manufacturer with a domestic focus until now, also continued its drift towards 1000 yet again, after seeking Rs 1200 levels recently. KPI Green, WRTL, and SWREL, the three solar EPC stocks continued their downward drift as well. Solar pump installer Shakti Pumps failed to sustain as well, dropping to 1160 levels as well. All the developers too stayed in the negative zone, as the market awaits results and a clear direction from the budget.

The green stocks pack will hopefully not expect much from the budget by way of incentives, and should actually be looking for continuity and some renewed policy thrust on ensuring fresh capacities come up faster.