Sharekhan Analyst's Views on Renewable Energy Stocks

Kunal Shah, a stock market expert, has shared his thoughts on three renewable energy companies: Premier Energies, Waaree Energies, and Suzlon Energy.

He suggests avoiding Premier Energies because it's been losing value and hasn't been able to stay above an important support level.

For Waaree Energies, he recommends buying with a target price of Rs 3,140 and a stop loss at Rs 2,840, as it might bounce back from a recent drop.

Suzlon Energy is also in a downtrend, and he advises avoiding it, as it's been making lower highs and lows.

He thinks any small rise should be seen as a chance to sell rather than a sign of a bigger recovery.