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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.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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Stock Market Updates

DR. LAL PATHLABS LTD surges by 6%; BSE HEALTHCARE Index Up 0.2% (Today's Market)

Jun 22, 2018 12:15 PM

DR. LAL PATHLABS LTD share price has surged by 6% and its Current Market Price is Rs 941. The BSE HEALTHCARE is up by 0.16%. The top gainers in the BSE HEALTHCARE Index is DR. LAL PATHLABS LTD (up 5.78%). The top losers are FORTIS HEALTHCARE (down 0.04%) and LUPIN LTD (down 0.07%).

SRF LTD plunges by 5%; BSE 500 Index Down 0.1% (Today's Market)

Jun 22, 2018 11:59 AM

SRF LTD share price has plunged by 5% and its Current Market Price is Rs 1,782. The BSE 500 is down by 0.13%. The top gainers in the BSE 500 Index are NAVNEET EDUCATION (up 4.38%) and FDC LTD. (up 3.83%). The top losers are SRF LTD (down 5.06%) and SHREE RENUKA SUGARS (down 6.57%).

SHREE RENUKA SUGARS plunges by 5%; BSE 500 Index Down 0.2% (Today's Market)

Jun 22, 2018 10:37 AM

SHREE RENUKA SUGARS share price has plunged by 5% and its Current Market Price is Rs 14. The BSE 500 is down by 0.21%. The top gainers in the BSE 500 Index are IDBI BANK (up 3.71%) and GODFREY PHILLIPS (up 2.78%). The top losers is SHREE RENUKA SUGARS (down 5.19%).

IDBI BANK surges by 5%; BSE BANKEX Index Down 0.4% (Today's Market)

Jun 22, 2018 10:12 AM

IDBI BANK share price has surged by 5% and its Current Market Price is Rs 61. The BSE BANKEX is down by 0.37%. The top gainers in the BSE BANKEX Index is IDBI BANK (up 5.01%). The top losers are KOTAK MAH. BANK (down 0.15%) and HDFC BANK (down 0.16%).

ABBOTT INDIA at All Time High; BSE HEALTHCARE Index Down 0.7% (Today's Market)

Jun 22, 2018 09:48 AM

ABBOTT INDIA share price has hit an all time high at Rs 7,420 (up 1.67%). The BSE HEALTHCARE Index is down by 0.74%. Among the top gainers in the BSE HEALTHCARE Index today are ABBOTT INDIA (up 1.67%) and GSK PHARMA (up 0.01%). The top losers include PFIZER (down 0.00%) and IPCA LABS (down 0.01%).

Of Analysis of IPOs Launched in 2018, Governments Effort to Boost Aviation Infrastructure and Key Stocks in Action Today (Today's Market)

Jun 22, 2018 Pre-Open

The key developments to watch out for in today's trade.

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Will You Dump Your Client if You're Busy? Inox Wind's Auditor Just Did...(The 5 Minute Wrapup)

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GST Will Not Solve Problem of High Prices of Petrol and Diesel(Vivek Kaul's Diary)

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Should You Invest In Mirae Asset Healthcare Fund?(Outside View)

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Jun 22, 2018 12:33 PM