In India, solar stocks are in demand just because India is growing and the government wants to install solar panels everywhere. All solar sectors mean energy sector companies are growing, and they will grow more and more soon. 2024 is the right time to invest your money in these stocks after proper analysis.

Solar plates are the future. The Indian government wants to grow India and use electricity less. The energy sector (solar sector) companies are doing great, and they are growing. Solar energy is a highly growing sector in India, driven by government initiatives and a growing focus on renewable energy. Let’s check how many stocks are in the energy (solar) sector and who is performing well. And the main thing is: what’s the best stock in which to invest your money?

Solar stocks in India-

There are so many solar ( energy ) stocks are listed in India. Let’s check all the stocks:

Note: The data is as of April 2024. Check current price or data for more clarification.

Read this – Which stock is best to buy for beginner in India – complete guide 2024

Future of Solar Stocks:

Solar stocks are future stocks. But, what’s the reason! Let’s find out.

Indian government wants to make india more futuristic. The solar energy helps to reduce electricity. The reason is behind, Electricity are affecting indian people or government for more electricity producing that affect to our India’s GDP. It take more and more money to produce Electricity, but Solar sector helps india to reduce electricity producing. In future India could become largest Solar Producer in the world. It helps to Improve environment.

Positive Indicators:

• Growing Demand: India has ambitious renewable energy targets, and solar is a major contributor. This rising demand for solar power bodes well for companies involved in the sector.
• Government Support: The Indian government actively promotes solar energy adoption through subsidies and policies. This supportive environment provides stability and encourages sector growth.
• Environmental Focus: The global shift towards clean energy solutions makes solar a relevant and long-term investment theme. As environmental concerns rise, the demand for solar is likely to sustain.

The Indian government’s push for clean 7 futuristic energy, coupled with declining costs and technological advancements, creates a positive long-term outlook. However, thorough research on individual companies, considering factors like financials, management, and future plans, is crucial before making any investment decisions.

High-dividend Solar stocks:

Note: The data is as of April 2024. Check current price or data for more clarification.

Top 10 Solar stocks:

Solar Energy Stocks in India (as of April 8, 2024)

Here’s a quick overview of some prominent solar energy companies listed on Indian stock exchanges:

(Note: Before make any investment do your personal research.)

1. Adani Green Energy Ltd (AGEL):

• Market Cap: ₹ 303,841.19 Cr
• Share Price: ₹ 1,918.15
• Largest renewable energy company in India, with a diversified portfolio of solar and wind power plants. Part of the Adani Group conglomerate.

2. NHPC Ltd (NTPC):

• Market Cap: ₹ 88,446.53 Cr
• Share Price: ₹ 94.00
• State-owned power generation company, India’s largest, increasingly focusing on renewable energy sources including solar.

3. Suzlon Energy Ltd:

• Market Cap: ₹ 58,767.30 Cr
• Share Price: ₹ 42.70
• Established player in wind turbine manufacturing, also has a solar power project portfolio.

4. SJVN Ltd:

• Market Cap: ₹ 46,312.64 Cr
• Share Price: ₹ 135.50
• State-owned hydro power generation company, venturing into solar power projects.

5. Tata Power Company Ltd (TATA Power):

• Market Cap: ₹ 13,437.09 Cr
• Share Price: ₹ 414.50
• Leading integrated utility with a growing presence in solar energy through its expanding solar power plants.

6. Borosil Renewables Ltd:

• Market Cap: ₹ 11,890.75 Cr
• Share Price: ₹ 540.00
• Manufactures solar glass and offers EPC (Engineering, Procurement, and Construction) services for solar power plants.

7. KPI Green Energy Ltd:

• Market Cap: ₹ 9,990.64 Cr
• Share Price: ₹ 1,655.00
• Independent power producer with a focus on renewable energy sources, including solar.

8. Urja Global Ltd:

• Market Cap: ₹ 6,979.47 Cr
• Share Price: ₹ 23.90
• Smaller player in solar power project development.

9. REC Ltd (Rural Electrification Corporation Ltd):

• Market Cap: ₹ 1,12,183.00 Cr
• Share Price: ₹ 472.00
• Government of India undertaking that finances rural electrification projects, including solar power initiatives.

10. NTPC Ltd (National Thermal Power Corporation Ltd):

• Market Cap: ₹ 3,213.99 Cr
• Share Price: ₹ 355.00
• Primarily a coal-based power generation company, but also has a growing solar power portfolio.

These stocks are the leading solar stocks in India. If you want to invest in solar stocks, then you can consider these stocks according to your personal analysis.

Please note: This is not an exhaustive list and market data can fluctuate. It’s recommended to conduct further research before making any investment decisions.