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Of Falling Solar Tariffs, Pressure on Cement Stocks and Top Stocks in Action Today
Tue, 21 Nov Pre-Open | Karan Janani, TM Team

Solar Power Tariff May Drop to a Record Low of Rs 1/ unit

As per an article in leading financial daily, solar power is on track to hit Rs 1/unit soon. With average tariffs for thermal plants hovering at Rs 3.2 per unit, solar tariffs are nearly 25% cheaper.

Are the solar developers being too aggressive? Are the projects even viable at these rates?

Solar modules account for around 60% of a solar project's total cost. And lately, the prices of these modules are increasing. But the developers are bidding for project assuming solar module prices will fall. However, that's not happening for now.

The record solar project quoted at Rs 2.44 per unit assumes that solar module prices would be around 23 cents per watt. However, the price is currently around 32 cents and 34 cents for August delivery, thus making the project unviable.

We are very skeptical about solar developers who are bidding for solar projects at these ultra-low rates.

However, the government's ambition to add 100 GW of solar power capacity till 2022 does provide a massive opportunity for the manufacturers who supply the materials to build a solar park. These companies are what Richa Agarwal, managing editor of Hidden Treasure, calls 'Backdoor Stocks'. These are stocks of companies that benefit indirectly from a big trend.

Spurt in the Prices of Egg by 25%

The price of an egg has surged by 25% in a span of one month. The spurt has mainly been on account of lower production of eggs. As per an article of a leading financial daily, the lower production is expected to continue for a few more months and the prices are expected to remain at the current levels till February or March. On account of this news, the stock of SKM Egg Products Exports (India) Ltd hit upper circuit of 20% in yesterday's trade.

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Top Stocks in Action Today

The stock of JHS Svendgaard Laboratories, CL Educate Ltd, India Motor Parts & Accessories Ltd, Lambodhara Textiles Ltd is expected to be in the news today as they declare their results for the quarter ended September 2017.

Cement stocks are expected to be under pressure today as Supreme Court sought a nationwide ban on use of pet coke and furnace oil.

Pet coke is a cheap but a widely-polluting fuel used by cement, paper, brick kiln, chemicals and textile industries - to cut industrial pollution that's contributing to hazy skies.

The Supreme Court has already forbidden the use of this fuel in the National Capital Region (NCR) as intense smog over Delhi earlier this month prompted a series of measures, including advancing of BS-VI fuel introduction in Delhi

Reportedly, if the companies resort to the international coal which is 15% more expensive than pet coke, as a replacement to the pet coke, they would require taking a price hike of Rs 10/bag in order to pass on the burden.

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Stock Market Updates

INFIBEAM AVENUES Surges by 11%; BSE 500 Index Up 1.7% (Today's Market)

Dec 12, 2018 02:59 PM

INFIBEAM AVENUES share price has surged by 11% and its current market price is Rs 46. The BSE 500 is up by 1.7%. The top gainers in the BSE 500 Index are INFIBEAM AVENUES (up 10.7%) and INDIABULLS VENTURES (up 15.8%). The top losers are MPHASIS LTD and CARE RATING .

FORCE MOTORS Surges by 6%; BSE AUTO Index Up 3.2% (Today's Market)

Dec 12, 2018 02:25 PM

FORCE MOTORS share price has surged by 6% and its current market price is Rs 1,691. The BSE AUTO is up by 3.2%. The top gainers in the BSE AUTO Index are FORCE MOTORS (up 5.5%) and HERO MOTOCORP (up 6.4%). The top losers [TOPLOSERS].

EMAMI LTD Surges by 5%; BSE FMCG Index Up 1.4% (Today's Market)

Dec 12, 2018 02:21 PM

EMAMI LTD share price has surged by 5% and its current market price is Rs 437. The BSE FMCG is up by 1.4%. The top gainers in the BSE FMCG Index are EMAMI LTD (up 5.1%) and RADICO KHAITAN (up 7.6%). The top losers [TOPLOSERS].

JINDAL STAINLESS (HISAR) Surges by 8%; BSE METAL Index Up 2.1% (Today's Market)

Dec 12, 2018 02:17 PM

JINDAL STAINLESS (HISAR) share price has surged by 8% and its current market price is Rs 91. The BSE METAL is up by 2.1%. The top gainers in the BSE METAL Index are JINDAL STAINLESS (HISAR) (up 7.9%) and JINDAL STEEL & POWER (up 6.4%). The top losers [TOPLOSERS].

The BSE REALTY Index has hit an all-time high at 1,808 (up 3.8%) (Today's Market)

Dec 12, 2018 02:17 PM

The BSE REALTY Index has hit an all-time high at 1,808 (up 3.8%). Among the top gainers in the BSE REALTY Index today are HOUSING DEV. INFRA and INDIABULLS REAL EST. Meanwhile, the BSE Sensex has surged 1.2% to 35,607.

Indian Indices Open on a Positive Note; Realty & Auto Stocks Lead (Today's Market)

Dec 12, 2018 09:30 am

Indian share markets open on a positive note with Sensex up by 240 points, while the Nifty is trading up by 75 points.

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Dec 12, 2018 03:03 PM