Winning Strokes

When this report is being made, the Indian bourses were seen trading flat. The BSE Sensex was seen at 52,142.55 up by a marginal 42.50 points (+0.08%) while the Nifty50 was trading at 15,710.10 up 39.85 points (+0.25%). The markets are likely to consolidate on the current levels as the India starts to open slowly post Covid-19 imposed Lockdown. The investors and traders are suggested to concentrate on individual counters. Photo: Live Mint

#The stock of Future Retail Ltd (Rs.53.05) has corrected a bit intraday, after touching a high of Rs.57.50.  Also, there was in Live Mint news that the Singapore International Arbitration Centre (SIAC) has decided to hear the high-profile legal case between Amazon.com NV Investment Holdings Llc and Kishore Biyani-promoted Future Group over the latter’s ₹24,713 crore deal with Reliance Industries Ltd on 12 July. But this is now of academic interest, after the company went online with its products and the fundamentals starting to improve. It is now a battle between who has the controlling stake in the Future Group, to improve its financials. The stock exchanges have also increased the circuit filter of the stock to 10% from 5%, indicating an improved performance. 

It is pertinent to mention here that Big Bazaar owned by the Future Group, owns 1,500 supermarkets, snack shops and fashion outlets in 400 cities in India. 

#The shares of Suzlon Energy Ltd (Rs.7.35) is today trading flat. It is a pandemic unlocking stock, since the company faced a lot of installation bottlenecks, during Lockdown. 

A leader in wind energy space since 1995, Suzlon offers a 360-degree solutions package to its customers that covers the entire spectrum of wind energy projects. With over 12,000 wind turbines installed across six continents and 14 world-class, wind turbine manufacturing facilities in India and China, Suzlon wind energy solutions have become the byword for innovation and competitive advantage. Providing an all-encompassing solution to wind-energy projects in the form of Wind Turbine Generators (WTGs) that are made with state-of-the-art technology starting from their blades, nacelle, towers and foundations.

Meanwhile, Suzlon Energy's consolidated net loss narrowed to Rs.118.06 crore in the December, 2021 quarter on the back of higher revenues. The consolidated net loss of the company was Rs.742.91 crore in the quarter ended on December 31, 2019.

The global wind energy industry is set to grow at a a CAGR of 4%, through 2025, with additional 470 Gigawatt (GW) of capacity creation, according to a new report by the Global Wind Energy Council (GWEC). The report further said: While installations are forecast to decline slightly in 2021 to 88 GW of new wind capacity, it will still be the second-best year for wind growth in history, largely driven by installation rushes in the US for onshore wind and China for offshore wind.

Even as India is struggling to reach close to the 175 GW target, the NDA government has already set eyes on enhancing the installed capacity of renewable energy. 

In March 2021, the Indian government’s Ministry of New and Renewable Energy (MNRE) said “projects of 49.7 GW capacity are at various stages of implementation and projects of 25.91 GW are under various stages of bidding.”

In March 2021, the Indian government’s Ministry of New and Renewable Energy (MNRE) said “projects of 49.7 GW capacity are at various stages of implementation and projects of 25.91 GW are under various stages of bidding.”

The pandemic has hit the renewable energy sector very hard. There has been a negative impact on new installations both from the labour and supply chain perspectives. Even the demand for electricity and coal consumption has come down. But the things will slowly improve in the near future as the government impelemts phase wise unlocking procedure.

The shares of Suzlon Energy Ltd are likely to cross Rs.50, in the medium term.

#My recommended Reliance Capital Ltd hit the upper circuits at Rs.14.85, which is near my first target of Rs.17.