The repeat of gains on the headline indices as witnessed in 2021 is highly unlikely and while the markets will shrug off covid and inflationary concerns and as given out by experts the theme shall be likely renewable/green energy, digitalisation, EV etc.
The disruption in the space is taking everybody by strom and slowly and steadily these sources of energy will in domestic markets also take over traditional sources.
So, here we discuss few of the stocks from the space that you can keep an eye on in 2022:
Tata Power Solar, previously called Tata BP Solar India as part of the restructuring, is the fully owned subsidiary of Tata Power. The energy demands are not being met fully by non-renewable resources and hence to overcome pollution related issues and fast depletion of non-renewable sources the company has paid attention to meet energy demands. As the company is the part of Tata Power, the company can be kept an eye on, which is making strong waves even in the electric mobility space. The company in the last one year and on a YTD basis has yielded returns of close to 190%.
This is a small cap company providing complete wind solutions. The company is into offering turbines in customized versions for installation as per climatic conditions ranging from hot, dry deserts to humid coasts, to near-freezing plains. The stock has a high public shareholding and is low in price at around Rs 10 per share.
This is one stock which has turned into a penny scrip from its peak in 2008. The company's quarterly performance for the September quarter has even worsened with net loss increasing further to Rs. 237 crore. Also, its debt to equity is in a negative zone. So after losing out to international players with no orders from global players, now it is left to be seen whether the company is again able to establish its foothold in the segment.
The company has made the foray in the clean energy space of late and surely has the potential to disrupt the segment. The company first formally announced to be a net carbon zero entity at its 43rd AGM in 2020 and since then the conglomerate is gearing up in the space.
Specifications of the plans were given with the announcement that the company has pegged Rs. 75K crore outlay for the segment over the next 3 years. Other plans have been building solar manufacturing units, a battery factory, an electrolyser for producing green hydrogen etc.
The small cap company is the foremost and only solar glass manufacturing company in the country. Part of the Borosil Group, the company is working to add expand capacity. The company's new product line include selene, shakti and the solar glass with with Anti-soiling coating. The company is also using renewable energy investment in wind power.
On the financial front, the company has logged good profit growth of 24.57 percent for the past 3 years. Also, the company has been maintaining effective average operating margin of over 20 percent.
Other renewable energy company to focus on
The company founded in the year 2011 is the country's leading renewable energy in terms of total power generation capacity. The company in 2019 has bagged an accolade of being the first renewable energy company in India and 10th globally to breach 5GW of installed capacity.
Lately the firm has entered into a collaboration with L&T for green hydrogen projects. The company ReNew Power has the backing of the global investment firm Goldman Sachs. This company is currently not listed on the Indian stock exchanges.