Best Green Energy Stocks to Buy in India 2024 for Long-Term Stock Portfolio Investment
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Introduction: Investing in India’s green energy stocks in 2024 offers a unique opportunity to align your financial goals with sustainable practices. As India strives to reach its ambitious renewable energy targets, investors are taking note of the immense potential in this sector. In this article, we will delve into the world of green energy investments and explore the best options for long-term portfolio growth.
Green energy is not just a buzzword; it represents a global shift towards sustainable, eco-friendly energy sources. By transitioning to clean and renewable energy sources like solar, wind, and hydropower, we can mitigate climate change and create a more sustainable future.
To identify the right green energy investments, consider companies that are committed to sustainable development and have a strong focus on renewable energy. Assess their environmental, social, and governance (ESG) performance to make informed investment decisions.
Green energy stocks come in various forms, including clean energy stocks, solar energy stocks, wind energy stocks, hydro energy stocks, geothermal energy stocks, and bioenergy stocks. Each category represents a unique opportunity for investors.
Here is a curated list of the best green energy stocks in India for 2024, showcasing market capitalization and share prices:
| Stock Name | Market Cap | Share Price (INR) |
|---|---|---|
| Zodiac Energy Ltd | ₹198 Cr | ₹126.8 |
| KP ENERGY Ltd | ₹631 Cr | ₹456.9 |
| Borosil Renewables Ltd | ₹7,177 Cr | ₹429.8 |
| Websol Energy System Ltd | ₹350 Cr | ₹114.7 |
| NTPC Ltd | ₹1,81,812 Cr | ₹221.1 |
| Adani Green Energy Ltd | ₹1,52,336 Cr | ₹974.5 |
| JSW Energy Ltd | ₹57,025 Cr | ₹366.2 |
| Inox Wind Energy Ltd | ₹3,216 Cr | ₹2,655.55 |
| BF Utilities Ltd | ₹2,231 Cr | ₹588.15 |
| Shapoorji Pallonji Group Ltd | – | – |
| Adani Solar | ₹1,55,148 Cr | ₹974.5 |
| Regen Powertech Pvt Ltd | – | – |
| Enercon India Ltd | ₹414 Cr | ₹792.4 |
| Reliance New Energy Ltd | ₹4,012 Cr | ₹125 |
| Tata Power Solar Systems Ltd | ₹78,477 Cr | ₹246.9 |
| Sterling & Wilson Ltd | ₹7,149 Cr | ₹381.05 |
| Orient Green Power | ₹1,387 Cr | ₹13.95 |
Explore some of India’s top renewable energy companies:
Union Budget 2023-24: Boosting Green Energy Stocks: The Union Budget 2023-24 prioritizes green growth, aiming to minimize the environmental impact of economic activities. Initiatives include programs for green fuel, energy, farming, mobility, buildings, and equipment. The Green Credit program signals India’s commitment to sustainable goals.
FinPlay Green Energy Portfolios: To simplify your investment journey, consider FinPlay Green Energy portfolios. These curated portfolios are designed by SEBI-registered experts, offering diversification and expert management.
Key Factors to Consider Before Investing: Before investing in green energy stocks, consider government policies, innovation, competition, ESG performance, risk, diversification, and a long-term perspective. FinPlay offers research-backed portfolios for hassle-free investing.
Investing in clean energy stocks in India offers numerous advantages, including participation in a growing industry, sustainability, reduced carbon footprint, job creation, diversification, and positive environmental impact. Government support and incentives further enhance the appeal of green energy stocks.
Investing in clean and renewable energy stocks in India is ideal for those passionate about sustainability, eco-friendly practices, and long-term investments. These stocks align with the goal of building a more sustainable future while potentially yielding favorable returns.
Conclusion: The green energy and renewable stocks sector in India is poised for significant growth in 2024 and beyond. While you can choose to invest in individual companies, FinPlay offers a convenient way to access a basket of the best-performing green energy stocks, backed by thorough research. Embrace sustainability and invest in India’s green energy stocks for a brighter future.
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