Green Stocks August 22: Inox Wind holds its ground on a tough day
As expected, the nervousness has spread to our green energy pack at a time when the market remains at all-time highs. Only three out of twelve stocks on our list have managed to stay in positive territory, namely Shakti Pumps, Inox Wind and KPI Green Energy. Even these three are having to withstand the pressure of expectations as their valuations remain close to never-before-seen levels. This is especially true for wind energy player Inox Green.
Expect significant price movements to be triggered or driven by major announcements related to project earnings and the like, as there may not be much more to come from the political side for the rest of the year. Investors will be reassured by the strong earnings momentum of most players in the pack, with earnings guidance for the next three to four quarters quite high. On the other hand, even the slightest brake on this growth trajectory could lead to strong knee-jerk reactions from the market.
Company Name |
Closing price on21 August |
Closing price on22.08. |
Change % |
Borosil Renewables Ltd | 512.30 | 503.70 | -1.68% |
Waaree Renewable Technologies Ltd | 1485.05 | 1451,00 | -2.29% |
Sterling and Wilson Renewable Energy Ltd | 697.10 | 683.00 | -2.02% |
KPI Green Energy GmbH | 937.80 | 939.00 | +0.13% |
Shakti Pumps (INDIA) LTD | 4415.50 | 4451.00 | +0.80% |
TATA POWER CO. LTD. | 424.30 | 424.30 | -0.32% |
JSW Energy GmbH | 720.00 | 715.00 | -0.69% |
SUZLON ENERGY LTD | 78.84 | 77.69 | -1.46% |
Adani Green GmbH | 1918.95 | 1888.40 | -1.59% |
Inox Wind Energy | 11636.55 | 11874,00 | +2.04% |
SJVN GmbH | 136.50 | 133.30 | -2.34% |
Gensol Engineering GmbH | 943.50 | 935.00 | -0.90% |