Battery stocks traded on mixed cues this Thursday, July 18, reflecting continued consolidation in India’s green energy segment. With investors weighing monsoon-driven power demand, policy incentives, and earnings expectations, the market displayed a balanced spread between gainers and laggards. While some counters like Eveready Industries India Ltd. and Waaree Technologies posted robust gains, heavyweights such as CLN Energy and High Energy Batteries faced headwinds.
Leading the gainers’ list was Eveready Industries, which soared 5.25% to ₹390, likely driven by investor confidence in its evolving lithium-ion portfolio and expansion into smart energy devices. Waaree Technologies followed closely with a 4.99% rise to ₹343.15, signaling renewed interest in solar-battery hybrid plays amid expectations of domestic module procurement support.
Meanwhile, Indo-National Ltd. and Panasonic Energy India recorded modest upticks of 1.45% and 1.32% respectively, supported by steady interest in legacy battery segments catering to consumer and industrial applications. Exide Industries, a long-term favorite in diversified battery solutions, ended marginally higher at ₹384.05, maintaining investor optimism ahead of quarterly disclosures.
On the downside, CLN Energy Ltd. dropped 2.00% to ₹588, extending its recent downtrend as investors recalibrate expectations around advanced chemistry cell (ACC) deployment timelines. High Energy Batteries, with a strong defense and space sector order book, slid 1.80%, possibly on profit booking after a recent rally. Similarly, Tata Power and HBL Engineering Ltd. ended lower by 1.34% and 1.30%, respectively.
Battery stocks remain central to clean energy portfolios as policy frameworks like the PLI scheme and grid-scale battery storage mandates mature. While short-term volatility persists, investor conviction in battery-backed energy transition stories remains intact.
? Key Gainers – July 18:
Eveready Industries India Ltd.: +5.25% (₹390)
Waaree Technologies: +4.99% (₹343.15)
Indo-National Ltd.: +1.45% (₹463.15)
Panasonic Energy India: +1.32% (₹395)
Exide Industries: +0.13% (₹384.05)
? Decliners – July 18:
CLN Energy Ltd.: -2.00% (₹588)
High Energy Batteries: -1.80% (₹735.55)
Tata Power: -1.34% (₹407.9)
HBL Engineering Ltd.: -1.30% (₹602.35)
Amara Raja Energy: -0.67% (₹976.45)
| Company Name | Closing Price on July 18 | Change % | |
| CLN Energy Ltd. | 588 |
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| HBL Engineering Ltd. | 602.35 |
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| Eveready Industries India Ltd. | 390 |
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| Indo-National Ltd. | 463.15 |
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| High Energy Batteries | 735.55 |
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| Panasonic Energy India | 395 |
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| Amara Raja Energy | 976.45 |
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| Exide Industries | 384.05 |
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| Waaree Technologies | 343.15 |
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| Tata Power | 407.9 |
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