Green Stocks July 6- Green Pack Sees Some Profit Booking

On a day with a firm market, the green pack took a pause as profit booking rose to the fore in many stocks that have risen to highs in the past week. Be it Emmvee, or Pace Digitek, strong prospects and a good quarterly results expectation was not enough to prevent some slippage. As a pack, the solar manufacturing pack slipped significantly more, ecven as EPC firms are also caught between cooling expectations linked to margins and rising competition. It was interesting to see solar pump firms jump as a pack however, mainly on the back of news flow linked to fresh order wins for all in Maharashtra . It is clear by now that bluster aside, firms will see some margin shrinkage here as well as letting orders pass by in search of higher margins is no longer an option. Will the market react again and drag them down? Time will tell, although all were trading well below their morning highs by close of markets. For large developers and wind energy firms, it is a time to wait and deliver in Q1 results, as stocks seem tired at levels we saw early last week. A fresh trigger is needed for any sort of rerating that will push them to new recent highs. NTPC Green, Tata Power, Suzlon and Inox Wind fall into this category. List of Green Stocks Company Name Closing Price on July 6 Change % Year To Date Acme Solar 384.80 + 0.40 % +61.18% Adani Green 1,550.00 -0.40% +51.69% Alpex Solar 812.95 -6.22% +6.03% Borosil Renewables 627.55 + 0.94 % +15.14% Clean Max Enviro Energy Solutions 1,265.90 + 0.73 % - Emmvee Photovoltaic Power 349.00 -2.77% +90.06% Inox Wind 86.90 -1.25% -28.37% Insolation Energy Limited 113.12 -0.64% -17.42 KPI Green Energy 404.00 -0.07% -16.4% NTPC Green 94.82 -0.65% +0.3% Oswal Pumps 426.90 + 4.26 % -21.98% Pace Digitek 212.51 -1.07% +14.51% Premier Energies 1,022.90 -2.28% +23.09% Shakti Pump 599.55 + 4.43 % -22.3% Solex Energy 1,029.40 -2.83% -21.49% Sterling and Wilson Renewable Energy 245.11 -0.72% +14.83% Suzlon Energy 55.47 -2.46% +8.39% Tata Power 377.55 +0.63% -1.74% Vikram Solar 185.92 -1.56% -20.3% Waaree Energies 2,876.20 + 0.59 % -3.25% Waaree Renewable Technologies 1,004.00 -1.44% +5.62%