The outlook for the renewable energy sector appears attractive from a medium to long-term perspective due to strong government initiatives such as favourable incentives, cheaper financing options and ease of setting up of business in the sector.
Pravesh Gour, Senior Technical Analyst, Swastika Investmart is of the view that companies specialising in solar power, wind energy, and energy storage solutions have benefited from favourable government policies and increasing environmental awareness.
“Long-term investors can take positions in stocks like Tata Power, Waaree Renewables, Reliance, etc.," said Gour. Read more:
