Battery and green energy stocks finished on a mixed note on July 31, as investors priced in optimism surrounding clean energy demand with caution ahead of quarterly earnings. Eveready Industries India Ltd. was among the gainers, with a 3.22% increase to finish at ₹422.65 thanks to increasing volumes and new activity from distributors.
While CLN Energy Ltd. climbed 1.51% to ₹532, HBL Engineering Ltd. and Panasonic Energy India both posted muted gains of 0.86% and 0.66%, respectively. Indo-National Ltd. also crept higher, closing at 0.22%.
On the downside, Waaree Technologies and High Energy Batteries fell by 2.00% each, likely due to profit booking. Exide Industries fell by 1.73% and Amara Raja Energy fell 1.65%, likely due to investor caution due to margin pressure. Tata Power also fell 0.90%.
Despite mixed short-term moves, the sector remains key to India’s clean energy transition, especially with anticipated gigafactory developments, EV infrastructure scale-up, and battery recycling initiatives under the PLI scheme.
Top Gainers – July 31
- Eveready Industries India Ltd.: +3.22% (₹422.65)
- CLN Energy Ltd.: +1.51% (₹532)
- HBL Engineering Ltd.: +0.86% (₹587.2)
- Panasonic Energy India: +0.66% (₹367.5)
- Indo-National Ltd.: +0.22% (₹458.35)
Top Losers – July 31
- Waaree Technologies: -2.00% (₹306.7)
- High Energy Batteries: -2.00% (₹635.05)
- Exide Industries: -1.73% (₹384.3)
- Amara Raja Energy: -1.65% (₹963.6)
- Tata Power: -0.90% (₹397.75)
| Company Name |
Closing Price on July 31 |
Change % |
| CLN Energy Ltd. |
532 |
|
| HBL Engineering Ltd. |
587.2 |
|
| Eveready Industries India Ltd. |
422.65 |
|
| Indo-National Ltd. |
458.35 |
|
| High Energy Batteries |
635.05 |
|
| Panasonic Energy India |
367.5 |
|
| Amara Raja Energy |
963.6 |
|
| Exide Industries |
384.3 |
|
| Waaree Technologies |
306.7 |
|
| Tata Power |
397.75 |
|
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