Indian Green & Battery Stocks Roundup – July 23: Amara Raja, Tata Power Lead Gains; Waaree, High Energy Batteries Dip

Battery stocks traded on mixed cues this July 23, as the market responded to shifting energy demand, policy momentum, and earnings projections. While a few frontline counters like Amara Raja Energy and Tata Power gained ground amid strong EV outlook and grid investment narratives, others such as Waaree Technologies, High Energy Batteries, and CLN Energy saw profit booking.

Amara Raja Energy rose by 1.10% to close at ₹1011.35, supported by sustained investor interest in its giga-factory expansion and entry into lithium-ion markets. Tata Power gained 0.84%, buoyed by announcements of new green energy projects and grid upgrades. Eveready Industries and Panasonic Energy India also posted modest gains, reflecting stable demand in the consumer battery space.

On the downside, Waaree Technologies and High Energy Batteries both declined by 2.00%, possibly reflecting market caution around margin pressures and project execution delays. CLN Energy and HBL Engineering also faced mild corrections, despite positive long-term clean energy tailwinds.

Overall, investor sentiment remains selective, favoring diversified players with clear capital deployment strategies in EV, solar, and battery manufacturing segments.

? Key Gainers – July 23:

• Amara Raja Energy: +1.10% (₹1011.35)
• Tata Power: +0.84% (₹402.5)
• Eveready Industries India Ltd.: +0.81% (₹417.9)
• Panasonic Energy India: +0.61% (₹389)
• Indo-National Ltd.: +0.13% (₹477.45)

? Key Decliners – July 23:

• Waaree Technologies: -2.00% (₹346.05)
• High Energy Batteries: -2.00% (₹692.35)
• CLN Energy Ltd.: -1.99% (₹553.5)
• HBL Engineering Ltd.: -1.31% (₹585.25)
• Exide Industries: -0.63% (₹391.75)