Jaiprakash Power Ventures vs Suzlon Energy vs Vedanta Power vs Reliance Power vs Inox Wind: Amid the soaring Indian stock market, renewable energy stocks witnessed strong buying on Monday. Jaiprakash Power Ventures share price today opened higher and touched an intraday high of ₹13.75 apiece, logging over a 7% intraday rise against the previous close of ₹12.72. Suzlon Energy share price surged over 4%, Vedanta Power share price rose 7%, Reliance Power shares added around 5%, and Inox Wind share price is up over 11% today. This might have made the situation tricky for stock investors looking for a renewable energy stock amid the current turnaround on Dalal Street.
According to market experts, high-risk investors may look at pure-play wind energy plays such as Inox Wind or Suzlon Energy shares, whereas those who want to play it safe are advised to look at Vedanta Power shares. They advised investors to avoid Jaiprakash Power Ventures and Reliance Power. They said that Jaiprakash Power Ventures suffers from high promoter pledge levels and cyclical earnings drops, while Reliance Power trades strictly on high-beta retail momentum rather than fundamental net profit strength.
Comparing the five titans of the renewable segment, Avinash Gorakshkar, Founder of Avinash Mentor Research, said, “One should avoid looking at Jaiprakash Power Ventures and Reliance Power shares. Reliance Power share price rally is purely sentimental, and there is no fundamental reason for the rally in the stock, whereas Jaiprakash Power Ventures is suffering from the high promoter pledge (around 75%).”
On choosing among energy titans, Seema Srivastava, Senior Research Analyst at SMC Global Securities, said, “For any growth-oriented portfolio, the primary allocation should be split between Suzlon Energy (the structural market leader) and Inox Wind (the high-momentum turnaround play). Vedanta Power remains a defensive option for traditional utility value.”
On investors who should be looking at Suzlon Energy shares, Seema Srivastava said, “If an investor prefers a market leader with superior financial stability, a strong net-cash balance sheet, higher operational throughput, and lower balance-sheet risk, then Suzlon Energy shares are suitable for them.”