RENEWABLE ENERGY STOCKS
Premier Energies IPO subscribed 3 times on day 2 so far. Check GMP, other details
As of 11 am, the issue was subscribed eight times by the non-institutional investor (NII) category. The retail investor category was subscribed nearly 2.5 times while the qualified institutional buyers subscribed to the issue by 4%.
Want stocks that can offer 20-30% CAGR? Look for these 2 factors: Rahul Rathi
Rahul Rathi, Chairman & Fund Manager at Purnartha PMS, discusses his bullish outlook on India's energy sector, capital goods, and industrials. He emphasizes the significance of operational efficiencies and internal demand for driving company's earnings growth, highlighting investment opportunities in companies like GAIL and Tech Mahindra, which exhibit strong margin expansion and operational improvements.
Daily Trading Desk: Short-term trading gains, a power stock, and a pipe maker for a 6% upmove each
Momentum catch up in across the sector
IREDA shares jump 9% on Rs 4,500 crore fundraising plan
IREDA Share Price: IREDA's shares jumped nearly 9% following news that its board would discuss raising Rs 4,500 crore through multiple funding options. The stock has surged 700% since its November 2023 listing. In the recent quarter, the company reported substantial increases in revenue, profit, and loan book size, reflecting robust financial performance.
IREDA board to consider Rs 4,500 crore fundraise proposal on August 29
IREDA Share Price and Fundraise News : IREDA plans to raise Rs 4,500 crore through an FPO or other means such as QIP, rights issue, or preferential issue, with the board meeting scheduled for August 29. Since its listing in November 2023, the stock has surged by 700%. IREDA reported a 30% increase in net profit for Q1, along with significant growth in loans and assets.
Suzlon Energy shares: Smart retail investors book profits as big boys buy
Suzlon Energy Share Price: Retail investors booked profits in Suzlon Energy shares in the June quarter, while FIIs and mutual funds raised their holdings. The stock surged impressively, gaining 90% since April and over 300% in the past year. Suzlon aims to strengthen its presence with a major acquisition in Renom Energy Services.
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Power surge? Rupesh Sankhe’s top 4 power utility picks
Rupesh D Sankhe from Elara Capital favored CESC and NTPC as top picks in the power utility sector. CESC, with significant renewable energy plans, is trading at a 60% discount. NTPC’s potential future value lies in its renewable IPO and thermal projects. Hydro companies NHPC and SJVN also have strong project pipelines offering substantial growth prospects.
A transformation which is bigger & meaningful: 10 stocks from energy space with an upside potential of up to 34%
Every sector has a different transformation journey, the way the auto industry is getting transformed is very different from the journey of transformation which an energy company would follow. Of the sectors which have been going through structural changes and a number of them are close to a point where either companies should produce results or they would disappoint. Take the case of auto, and a year back they were close to the same inflection point. One year later as they launch their EV’s they are being re-rating. In the case of energy companies, because the transformation is different and is much more basic in nature which requires more capex, it is going to take time. Hence expectation of the similar reaction on the street should not be expected, but there is another side to it, it would be a more sustainable change on a much bigger balance sheet and long runway of growth.
Inox Wind has all building blocks in place: Devansh Jain, Executive director, InoxGFL Group
Inox Wind reported its first profit in six years for the April-June period, driven by India's push for renewable energy. The company has a 2.9GW order book and net debt zero status. It's looking at future growth, buoyed by government targets and increasing demand for wind energy.
Stock Radar: Contra Buy? Sterling & Wilson forms Bullish Flag after nearly 20% fall from highs
Sterling & Wilson Renewable Energy has seen a 19.3% drop from its May 2024 peak. But now it is showing signs of recovery. Experts suggest high-risk traders consider the stock for potential rebounds. The stock has formed a bullish Flag pattern, which might lead to an increase towards 700-750 levels in the upcoming weeks.
Axis Securities initiates coverage on NLC India, sees upside potential of 15%
NLCIL has ambitious capacity expansion plans. It earns a fixed return on equity of 14% on its captive mining segment and 15.5% on its power generation segment. The power plants have long-term PPAs with a regulated two-part tariff structure. This takes care of the recovery of all fixed expenses, including debt obligation.
NTPC shares rally 5% to fresh record high. Here's why
NTPC's stock surged 5% to an all-time high after Jefferies reiterated its Buy rating and raised the target price to Rs 485. The brokerage cited NTPC's substantial progress in renewable and thermal power projects.
Govt to release energy transition policy document: Solar stocks jump up to 11% led by Borosil Renewables
Sithraman said the government’s focus was on energy security and sais a policy document on energy transition pathways will be released. The PM Surya Ghar Muft Bijli Yojana was launched by the Modi 2.0 government to install rooftop solar plants, providing free electricity up to 300 units per month to 1 crore households.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 68.16 points down at 24441.1
US Ambassador Eric Garcetti hails Adani's Khavda renewable energy project
US Ambassador to India Eric Garcetti visited Adani Group's Khavda renewable energy project, showcasing support for the conglomerate. Adani Greens is developing the world's largest 30,000 MW project in Gujarat, a project that has drawn global attention. Garcetti's visit is being seen as a positive sign for the Indian conglomerate's reputation in the US post the Hindenburg controversy.
What Motilal Oswal is looking for in renewable space? Prateek Agrawal answers
Large-cap IT is okay for risk control if a sharp up-move is expected. Otherwise, Motilal Oswal stays away, says Prateek Agrawal. The managers are interested in mid and small-cap IT where if a company is focused on a space that is growing, the growth delta over large-cap is very high.
Phillip Capital sees a 56% downside potential in IREDA shares as best value already priced in
Phillip Capital maintains a sell view on IREDA, citing concerns over earnings growth not keeping pace with loan growth. Despite strong loan growth prospects, the company faces challenges in maintaining return ratios and credit costs.
World’s most volatile big stock is rocking Indonesia’s market
Indonesia's stock market faces turmoil as PT Barito Renewables Energy's volatility alarms investors. Foreign capital outflows increase due to uncertainties in fiscal policy and a weak currency, triggering downgrades by major financial institutions.
IREDA shares surge nearly 6% after sanctioned loans amount jumped nearly 5 times
Shares of the Indian Renewable Energy Development Agency (IREDA) surged 6% to reach the day’s high of Rs 202 on the BSE. This increase followed the company's announcement of significant year-on-year growth in its sanctioned loans by 382.62% and loan disbursements by 67.61%.
Momentum Pick: Will this multibagger’s weekly breakout lead to another leg of rally?
In-depth analysis indicates Suzlon Energy's potential for growth with reduced debt, improved cash position, and increased revenue. Market experts foresee momentum continuing, backed by positive financial results and sectoral support, highlighting a promising outlook for the company.
Nervous investors tear up ESG playbooks in election supercycle
In 2024, global elections spark an anti-green trend affecting ESG investments. Marine Le Pen and Trump's influence reshape the environmental landscape. Utility stocks gain prominence amidst shifting policies and investor sentiments.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 65.91 points down at 23501.1
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
Be a contrarian in such times, if they have strong parent: 5 midcap stocks belonging to large industrial houses with upside potential of up to 49%
At a time when the market is digesting an election result which it did not expect. Questions are bound to come to about what should be done with mid-cap stocks. Is there a possibility that we might see more corrections ? The answer is yes. More than anything else, the reason for the correction would be the valuations and the fact that there was and still froth in some segments of the market. Should you buy mid-caps, the answer is yes. The question is what are you buying and for what time frame. And the bigger question is does the management have a proven track record that if tough times comes then it can steer the company through a tough time. If these tick marks are done, then ignore the political noise which all the political analysts are going to bring on table and surely there is no dearth of them. Focus on what is the business and who is running that business.
Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%
In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.
Suzlon Energy shares give multibagger returns of 340% in 1 year. Time to ride the next leg of rally?
Suzlon Energy Share Price: Suzlon Energy's shares surge 340% in a year, fueled by strong order inflows and debt-free status. Analysts foresee up to 43% upside potential. Fundamentals improve with debt reduction and cash reserve. Brokerages maintain 'buy' ratings, targeting Rs 54-58.
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
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