Indian solar energy companies got a lot of attention this week. Investors show interest in stock because of new global orders, government support, and many new solar projects expected to start soon.
Waaree Energies started with a positive performance in the week, with almost a 3% gain, but dropped down after the day. But by the middle of the week, it is almost the same as the previous week. But on Friday, when we calculate the overall performance gain, it is 1.04%.
A sudden increment is because the U.S. branch of the company received a large order to provide solar panels for a big solar power project in the United States. So, assuming that the next week will be a great start for Waaree Energies investors.
The other stock is Inox Wind Energy, which started with a loss, but mid of the week it increased by almost 2%. But on Friday, the overall performance is good, and the gain is almost 3.5%. It is because of a boost in wind and hybrid energy projects.
Another noticeable gainer in renewable energy is GAIL, which started with a loss last week, but by the middle of the week, it grew by 1%. On Friday, it goes up to 1.8% of profit.
This gain in stock reflects confidence in India’s renewable push, which is possible because of government support and strong project execution.
But not all stocks are in profit this week. Some stocks like Adani Green and KPI Green Energy have seen a little loss this week. Hope that the upcoming week is good for these companies.
Stock market investments are subject to market risk. We are not promoting any company shares, nor giving you any advice to invest your money. Please do your research before any investment. All the data is taken from Paytm Money.
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