While Waaree Continues Gravity Defying Climb, Other Renewable Stocks Dragged Down April 15

While Waaree Continues Gravity Defying Climb, Other Renewable Stocks Dragged Down April 15

10 out of the 11 renewable stocks in our basket dropped today, usually falling  more than the market, thanks to the sharp run up the category has seen in prices. The outlier as usual was Waaree Renewable technologies, which recovered smartly from the morning volatility to be back at the 5% upper circuit. The fall in RE stocks might be counter intuitive to some, considering how it is the risk of war and rising oil prices that have caused the market nervousness today. But that all falls into perspective when we consider how sharply all renewable energy stocks have risen these past few months. Be prepared for some roller coaster movements.

Company name

Closing Price On April 12

Closing Price on April 15

Change %

Borosil Renewables Ltd 541.35 524.00 -3.20%
Waaree Renewable Technologies Ltd 1972.00
2071.20 +5.00%
Sterling and Wilson Renewable Energy Ltd 502.00 496.55 -1.09%
KPI Green Energy Ltd 1774.80 1689.00 -4.83%
SHAKTI PUMPS (INDIA) LTD 1465.90 1408.10 -4.15%
TATA POWER CO.LTD. 437.05 432.00 -1.16%
JSW Energy Ltd 615.65 609.50 -1.00%
SUZLON ENERGY LTD 42.20 40.066 -3.65%
Adani Green 1884.60 1819.85 -3.44%
Inox Wind Energy 5911.85 5805.00 -1.81%
SJVN 130.80 124.50 -4.82%

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