Indian Green & Battery Stocks Roundup – July 28: Market Slumps Continue as Indo-National, Panasonic Energy Lead Losses

Battery and clean energy stocks extended their losing streak on July 28, 2025, with widespread declines across the segment. Market participants remained cautious amid global demand concerns, a volatile rupee, and muted near-term triggers, causing a broad sell-off in energy-linked counters.

Indo-National Ltd. emerged as the session’s worst performer, plunging 5.39% to ₹449.9, while Panasonic Energy India slipped 3.34% to ₹371, as concerns over slowing consumer demand and rising input costs weighed on legacy battery makers.

Eveready Industries and HBL Engineering followed suit with losses of 2.55% and 2.42% respectively. Analysts attributed the slump in HBL Engineering to profit booking after previous resilience, while Eveready continued to face headwinds amid subdued retail sentiment.

Major battery manufacturers also saw red. Amara Raja Energy dropped 2.25%, while High Energy Batteries declined by 2%, reflecting nervousness ahead of earnings season and potential updates on capex plans.

CLN Energy Ltd. and Waaree Technologies both fell 1.99%, signaling sustained pressure on specialized energy storage players despite a positive long-term demand outlook.

Meanwhile, Tata Power managed to close higher by 0.97% at ₹399.2, continuing its defensive momentum on the back of strong fundamentals and renewable pipeline optimism. Exide Industries also bucked the trend with a modest 0.39% gain, hinting at possible bottom-fishing by investors.

Despite today’s downbeat performance, analysts expect the sector to regain traction in the medium term as battery storage, EV infrastructure, and clean grid investments remain policy priorities under India’s energy transition roadmap.

? July 28 Performance Snapshot

• Indo-National Ltd.: -5.39% (₹449.9)
• Panasonic Energy India: -3.34% (₹371)
• Eveready Industries India Ltd.: -2.55% (₹417.15)
• HBL Engineering Ltd.: -2.42% (₹559)
• Amara Raja Energy: -2.25% (₹972.3)
• CLN Energy Ltd.: -1.99% (₹553.3)
• Waaree Technologies: -1.99% (₹325.8)
• High Energy Batteries: -2.00% (₹652.65)
• Exide Industries: +0.39% (₹382.1)
• Tata Power: +0.97% (₹399.2)