India’s Top 3 Solar Stocks

Of late, the solar energy sector has been making waves in the Indian stock market. Over the past year, the listed companies in this sector have performed well by providing very strong returns to the investors. Some solar companies have achieved returns of over 1300%, making them attractive options for investors. In this article, we will talk about such solar companies that are earning strong returns on their stocks. Let us know about these companies.

Know more about solar energy companies in India

1. True renewable technologies

Despite the recent 5% decline in Waaree Renewable Technologies’ share price, the company has achieved excellent returns with an increase of 1300% compared to last year. And the stock has returned 189% over the past three months. The 52-week high is ₹3037.75 and the 52-week low is ₹157.02, underscoring the return potential. The market capitalization of this company stands at ₹26,703.87 crore, which highlights its strong presence in the market.

2. WAA solar energy

WAA Solar has performed extremely well, delivering investors a return of over 527% over the past year. In the last six months alone, the share price has risen 201%. Recently, the stock witnessed a rise that reached the upper circuit of 5% but later entered the lower circuit.

Despite this volatility, the current share price is ₹236.90. The stock’s 52-week high is ₹261.80 and its 52-week low is ₹39.50. These figures highlight its growth potential and volatility. Market capitalization indicates market presence that reflects investor confidence.

3. SJVN (Sutlej Jal Vidyut Nigam)

SJVN has seen its share price rise 235% in the past year, delivering significant gains for investors. Shares of this company are up 68% in the past six months. The stock has recently risen over 1% and is trading around ₹126. Despite a slight decline of more than 4% in the past month, it remains a strong investment option. SJVN’s consistent performance makes it a reliable option for investors looking for long-term benefits.

conclusion

The solar energy sector in India has shown tremendous growth and excellent returns for investors. Companies such as WAA Solar, SJVN and Waari Renewable Technologies have performed well, making them attractive investment opportunities. The growth potential of this sector, combined with the push for renewable energy, suggests that these stocks can continue to deliver good returns.

Also see: Top 3 solar stocks that could deliver good gains after the election results