.

The Centre’s schemes for the power sector, including renewables, have received an allocation of at least Rs 28,352 crore in the Interim Budget 2024 and the Renewable Energy market in India is forecasted to grow by 7.01 percent between 2024 and 2028, resulting in a market volume of 428.60 billion KWh in 2028. 

Here are some of the top-performing green energy stocks of FY24 available under Rs. 150 that you can add to your watchlist 

Orient Green Power Company 

Orient Green Power Company Limited is engaged in the business of generation of power from wind energy with a portfolio of wind projects with a power generation capacity of 402.3 MW. 

With a market capitalization of Rs. 1,843 Crores, the shares of Orient Green Power Company Limited closed at Rs. 18.80, down 3.39 percent from its previous day’s close price of Rs. 19.46. 

Orient Green Power Company Limited delivered multibagger returns of 157 percent in FY24 and it touched its all-time high price of Rs. 34.45 on February 8, 2024. 

Its revenue from operations declined by 16.84 percent from Rs. 311 Crores in FY22 to Rs. 258 Crores in FY23, accompanied by profits of Rs. 36 Crores to Rs. 33 Crores. 

NHPC 

NHPC Limited is a Miniratna central public sector enterprise, it is primarily involved in the generation of power through hydropower stations and the sale of bulk power to various power utilities.

Its other business includes providing project management, construction contracts, consultancy assignment services, and many more. 

With a market capitalization of Rs. 90,033 Crores, the shares of NHPC Limited closed at Rs. 89.63, up 1.21 percent from its previous day’s close price of Rs. 88.56. 

NHPC Limited delivered multibagger returns of 115 percent in FY24 and it touched its all-time high price of Rs. 115.85 on February 5, 2024. 

Its revenue from operations grew by 16 percent from Rs. 9,144 Crores in FY22 to Rs. 10,607 Crores in FY23, accompanied by profits of Rs. 3,774 Crores to Rs. 4,235 Crores. 

SJVN 

SJVN Limited is a Miniratna central public sector enterprise, engaged in the business of generation, transmission, and consultancy of renewable energy sources like hydro energy, wind energy, and solar energy. 

With a market capitalization of Rs. 47,707 Crores, the shares of SJVN Limited closed at Rs. 121.40, down 1.18 percent from its previous day’s close price of Rs. 122.85. 

SJVN Limited delivered multibagger returns of 272 percent in FY24 and it touched its all-time high price of Rs. 170.50 on February 5, 2024. 

Its revenue from operations grew by 21.57 percent from Rs. 2,417 Crores in FY22 to Rs. 2,938 Crores in FY23, accompanied by profits of Rs. 990 Crores to Rs. 1,359 Crores. 

CESC 

CESC Limited is engaged in the business of mining coal, generation, and distribution of electricity through its thermal and renewable energy projects.

With a market capitalization of Rs. 16,092 Crores, the shares of CESC Limited closed at Rs. 121.40, down 0.61 percent from its previous day’s close price of Rs. 122.15. 

CESC Limited delivered 87 percent returns in FY24 and it touched its all-time high price of Rs. 149.90 on January 30, 2024. 

Its revenue from operations grew by 13.57 percent from Rs. 12,544 Crores in FY22 to Rs. 14,246 Crores in FY23, accompanied by profits of Rs. 1,404 Crores to Rs. 1,397 Crores. 

Written by: Bharath K.S

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