Inox Wind, JSW Energy: Power stks soar over 100% in 2 months; time to sell?

Chart suggests that shares related to green and renewable energy may display mixed trend in early 2024, given the sharp rally seen in the last two months.

Shares of power generation sector - green and renewable energy - are likely to be on investors radar as India makes progress towards its ambitious target of having 500 GW of renewable energy by 2030. India has committed a net zero emission target by 2070. 

In the upcoming calendar year, the country would see more than 83 per cent increase in investments in renewable energy projects to around $16.5 billion, according to estimates from the power ministry.

On the bourses, the BSE Power index has registered a gain of 30 per cent for the calendar year 2023. Data shows, that the gains