5 Best Renewable Energy Stocks to invest in June 2024 

Published : 19 June 2024

Indian Renewable Energy Development Agency

Indian Renewables has delivered good performance over the years. Its shares are trading at around Rs. 178 at present with ROCE and ROE of 42.69% and 98.30% while the OPM is noted at 97.69%.

Tata Power Company

The company has a presence in all renewable energy production including solar energy. It is currently trading at around Rs. 450 with an ROCE of 9.03% and an ROE of 11.42%.  Its OPM is 14.35%.

Adani Green Energy

The company is one of the biggest players in the renewable energy segment. The company’s share is trading at around Rs. 1810. It has ROCE and ROE of 10.74% and 13.07% respectively.  While the OPM was 71.95%.

Urja Global

The company provides solar energy solutions to government and private entities. It is currently trading around Rs. 22 with an ROCE of 1.48% and an ROE of 1.16%. Its OPM is around 7.89%.

Oil and Natural Gas Corporation

Established in 1956, ONGC has recently announced its venture in the green hydrogen segment. It is currently trading at around Rs. 275 with an ROCE of 15.43% and ROE of 14.60%.  Its OPM is around 13.41%.