Hi-Green Carbon Ltd – Play on Renewable energy endeavoring wealth from waste

The renewable energy and waste management sectors are gaining significant investor attention due to ESG mandates and government support. Companies with innovative solutions are highly valued.

Consider Hi-Green Carbon for long-term portfolio allocation, given its strong financials and sector tailwinds.

For Indian markets, this story mainly matters for the auto, renewable_energy, chemicals pocket. The current signal is bullish, so traders should watch whether the effect spreads across the sector or stays limited to a single name.

Watch whether the next market session confirms the setup described here: Strong financial metrics, unique business model in renewable energy, and high growth rates. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Hi-Green Carbon Ltd is in renewable energy, recycling waste tires with patented technology.
• •Claims 1 ton of Hi-Green Carbon reduces 2 tons of CO₂ emissions.
• •Market cap 401cr, CMP 160, ROE 68.2%, ROCE 52.6%, OPM 27.78%.
• •Last 3-year sales growth 47%, profit growth 67%.
• •Promoter holding 71.83% (0% pledged), FII 6.94%, DII 3.74% (as of Sep 2023).