Green Stocks July 9- Stocks End Week On Strong Note
From the article
With all-out war risks subsiding yet again with a well-timed pull back from President Trump, the markets were left wondering once again if the President times his quotes to move markets. Anyway, with the latest pullback in terms of the possibilities of all out war, a strong relief rally duly happened today. For investors in India, a distinct feature that makes the current rise different is the return of Foreign Institutional Investors (FIIs), who have reversed months of non stop selling with a positive contribution so far this month. If July does end with a net positive score from this group, and some decent results to boot for Q1, the green pack will indeed be primed for a very strong upmove. As it is, the green pack comfortably outpaced the benchmark indices, with some stocks like INA solar having an outstanding day out on the back of a large order win, rising almost 15% at one stage. Borosil Renewables also rose almost 10%, with CleanMax continuing its yo yo performance with another sharp upmove today. Waaree Energies, among the few large caps in the group remains the firm still smarting from the losses it suffered last week on US news, and is one stock that will be expected to deliver a strong Q1 show to shift momentum. Other solar manufacturing firms on a string footing, from Premiere Energies and Emmvee Pv have also lost some ground this week, but can be expected to recover sharply after Q1 results too. All in all, the clouds of uncertainty might be hovering over the Indian markets still, but for the green pack, the likelihood of emerging stronger than most remains higher. List of Green Stocks Company Name Closing Price on July 9 Change % Year To Date Acme Solar 367.80 + 0.70 % +53.92% Adani Green 1,486.60 -1.20% +46.66% Alpex Solar 815.90 + 5.24 % -5.17% Borosil Renewables 651.65 + 9.59 % +10.98% Clean Max Enviro Energy Solutions 1,327.10 + 5.76 % - Emmvee Photovoltaic Power 334.45 + 1.61 % + 74.28 % Inox Wind 82.01 -0.86% -32.67% Insolation Energy Limited 118.56 + 9.27 % -20.87 KPI Green Energy 397.80 + 0.29 % -17.68% NTPC Green 92.99 + 0.31 % -2.62 % Oswal Pumps 410.20 + 0.98 % -22.57% Pace Digitek 212.36 + 3.00 % +9.88% Premier Energies 1,089.20 + 4.34 % +23.17% Shakti Pump 572.95 + 1.11 % -23.37% Solex Energy 1,018.40 + 2.04 % -26.04% Sterling and Wilson Renewable Energy 230.03 -1.02% +8.09% Suzlon Energy 53.70 + 1.07 % +1.26% Tata Power 375.50 +0.91% -2.55% Vikram Solar 193.26 + 5.21 % -22.05% Waaree Energies 2,863.40 +1.42 % -4.47% Waaree Renewable Technologies 989.60 + 1.20 % +1%
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