Green Energy Stocks: If you are searching to investing green energy stocks, then these companies can make or break your portfolio return.
As Indian financial market offers limited options for green energy stocks to investors and traders. It is easy to identify top performing green energy stocks.
Adani Green Energy
Adani green energy limited is majority owned by Indian Adani group and minority owned by TotalEnergies.
With the market capitalisation of Rs. 2.53 trillion, a Adani Green Energy is largest player in green energy in India, with their stock traded at 1598 after a decline from 1634, which is relatively stable.
The Adani Green Energy Limited is currently on its way for aggressive market expansion, back by Adani group making investors invest in them.
Suzlon
Susan energy is Indian multinational deals in Wind Turbine manufacturing. As of now, the solar energy gets all the LimeLight of green energy in India making wind sector and company associated with it such as Suzlon working in back foot.
However, individually taking Suzlon have market capitalisation of 91,365 crores, however, price to book ratio is 23.3. Alongwith the backdrop in the wind sector the Suzlon Energy is currently trading at 66 which is 8 year highest in the company
ata Power company Limited
With one of the India’s most diverse business group, tata have expanded themselves in green energy sector as well.
As of now the Tata Power have been trading at 440 with the market capitalisation of 140611 crores. The Price to Book Ratio is 3.7, while having a dividend of 0.5 with relatively strength index of 47.15.
Despite of all that Tata Power company Limited have been witnessing a down side of their share prices from past 1 month.
ReNew Power private Limited
ReNew Power private Limited is a diverse group with collection of solar and wind projects.
Despite being having a market capitalisation of 17800 crores , the stock price of Renew Energy is somewhat at yours decreasing in short run while remaining stagnant in long run.
However, Renews Power’s Chief Financial Officer D Muthukumaran and spades around 2 billion dollars as company revenue in 2025, which comes as a damage control measure because of 87% fall in their profit in Q1FY24
Because of all these reasons collectively, investors and traders as of now aren’t enthusiastic about ReNew Power Shares
Borosil Renewables Limited
Borosil renewables is a pioneer of high quality toughened glass producer for solar photovoltaic panels.
Currently Borosil Renewables Limited is being traded at 447,
With market capitalisation of 5847 crores, alongside with increase of 4.6% in revenue.
Strong point of Borosil Renewables Limited are five times premium to book value alongside 10% return on price in last one year.
The down sites includes decreasing ROE and ROCE with institutional selling makes the stock slightly unattractive.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Green Energy Stocks 2024
