From Trade Brains:

Green energy stocks involve companies generating power from renewable sources like solar, wind, and hydro. India’s booming renewable energy sector attracts investors due to environmental concerns and government support. Top players are expanding to meet India’s 2030 goals. Several green energy stocks are currently trading at a discount, offering potential for investors.

KPI Green Energy Ltd is one such stock trading at a discount of up to 17% from its 52-week high. With a market cap of Rs. 9,381 crores, the company saw a revenue increase of 53% and net profit growth of 45% between September and December quarters.

Borosil Renewables Ltd, another green energy stock, currently trades at a discount of around 25% from its 52-week high. Despite a revenue decrease of 18%, the company transitioned from a net profit to a net loss between September and December quarters.

Inox Wind Ltd, with a market cap of Rs. 15,285 crores, is trading at a discount of approximately 27% from its 52-week high. The company experienced a 35% revenue increase and shifted from a net loss to a net profit between September and December quarters.

Ahasolar Technologies Ltd, a microcap company, is trading at a discount of around 39% from its 52-week high. Despite recording a 21% revenue growth and 103% net profit increase from FY21-22 to FY22-23, the stock started trading lower in Tuesday’s session.



Read more at Trade Brains: Green energy stocks trading at a discount of up to 40% to keep on your radar