Upcoming IPOs: Milky Mist Dairy Food, Dhoot Transmission, Molbio Diagnostics & 5 Others Set to Open Next Week; 8 Listings Scheduled

The Indian primary market is gearing up for a busy week ahead. Multiple mainboard and SME issues are scheduled to open for subscription between August 10 and 14, 2026, while several companies are expected to make their stock market debut. Here is a complete look at the key IPOs opening next week and the listings lined up. Mainboard IPOs Opening Next Week 1. Dhoot Transmission The largest issue of the week, Dhoot Transmission aims to raise approximately ₹3,067 crore. The price band is set at ₹829–871 per share. Bidding opens on August 10 and closes on August 12. The issue includes a fresh component of ₹1,400 crore and an offer for sale of about ₹1,667 crore. Minimum lot size is 17 shares (around ₹14,807 at the upper end). Listing is tentatively scheduled for August 17. 2. Molbio Diagnostics Molbio Diagnostics will open on August 10 and close on August 12. The issue size is around ₹940 crore (₹200 crore fresh issue + ₹740 crore OFS). Price band: ₹768–807. Lot size is 18 shares (mi...
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Waaree Energies, Adani Green, Premier Energies, ACME Solar: How Renewable Power Stocks Are Performing Amid Market Sell-Off

 

The Indian stock market witnessed a sharp correction on Monday, May 11, 2026, with the Sensex plunging over 1,300 points and the Nifty50 slipping below 23,820. Amid this broad-based sell-off triggered by surging crude oil prices above $105 per barrel and geopolitical tensions, how are the key renewable energy and solar power stocks faring?

Renewable energy stocks, often seen as long-term growth plays, showed mixed to cautious performance today as investors navigated higher energy costs, a weakening rupee, and global risk aversion.

Performance Snapshot on May 11, 2026

  • Adani Green Energy (ADANIGREEN): One of the relative outperformers in the green pack. The stock rose around 2.3-2.4% during the session, closing near ₹1,387–1,390 levels. It traded in a range of ₹1,324 to ₹1,398, showing resilience despite the market crash. Year-to-date, Adani Green has delivered strong double-digit returns, supported by its massive renewable capacity addition plans.
  • Waaree Energies (WAAREEENER): The solar module manufacturing giant traded with mild volatility. It hovered near ₹3,200–3,230 levels, showing limited downside compared to the broader market. The stock opened around ₹3,220 and witnessed steady buying interest, reflecting continued confidence in its domestic solar module leadership and order book.
  • Premier Energies: This stock faced some pressure in the weak market sentiment but remained relatively stable compared to broader indices. It traded with modest declines, as investors monitored its expansion plans in the solar value chain.
  • ACME Solar: The company saw mixed movement. While some renewable developers held ground, ACME faced mild selling pressure amid the overall risk-off mood in the market.

Overall Sector Trend: Most renewable energy stocks ended the day better than the broader market. While the Sensex fell ~1.7%, several green energy names limited losses or posted marginal gains. This relative outperformance highlights investor faith in India’s long-term renewable energy transition story despite short-term global headwinds.

Why Renewable Stocks Showed Resilience Today

  1. Oil Price Spike Supports Renewables Long-Term: Ironically, Brent Crude crossing $105 per barrel strengthens the case for renewable energy as a hedge against volatile fossil fuel prices. Higher oil boosts the economic viability of solar and wind projects.
  2. Strong Policy Push: Government targets for 500 GW non-fossil fuel capacity by 2030 continue to drive capex in the sector. Companies like Waaree, Adani Green, and ACME benefit from this structural tailwind.
  3. Domestic Focus: Unlike pure exporters, many Indian renewable firms have strong domestic order books, insulating them somewhat from immediate global trade concerns.
  4. Valuation and Earnings Visibility: Leading players boast healthy order pipelines and improving margins due to backward integration (cells, modules, and project development).

Key Challenges to Watch

  • Rising Interest Rates & Rupee Weakness: Higher oil import bills could pressure the rupee further, indirectly affecting financing costs for capital-intensive renewable projects.
  • Global Geopolitical Risks: Any escalation in the Middle East may keep oil elevated, though this could eventually accelerate energy transition.
  • Profit Booking: After strong rallies in previous sessions, some stocks may see consolidation.

Investment Outlook for Renewable Power Stocks

The current market dip could be a healthy correction for fundamentally strong renewable names.

  • Waaree Energies remains a leader in solar manufacturing with robust domestic demand.
  • Adani Green stands out for its scale in renewable power generation and execution track record.
  • Premier Energies and ACME Solar offer exposure to specialized segments with growth potential.

Analyst View: Long-term investors are viewing the current volatility as a potential entry point. However, near-term caution is advised until crude oil prices stabilize and clarity emerges on US-Iran developments.

Bottom Line: While the broader market bled heavily on May 11, renewable energy stocks demonstrated relative strength. This underscores the sector’s defensive growth characteristics in an uncertain global environment. India’s green energy story remains intact, driven by policy support, falling solar costs, and corporate sustainability goals.

Stay updated as the situation evolves. Higher oil prices may ultimately prove to be a net positive catalyst for the renewable sector in the coming quarters.

Disclaimer: This is for educational and informational purposes only. Stock markets are subject to risks. Consult a qualified financial advisor before making any investment decisions.

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