Environment Day Special: 8 eco-friendly stocks you can bet on

With 5000-odd companies listed on stock exchanges, this special day gives an opportunity to pick up a few different themes in your portfolio. As we celebrate Environment Day today, let's take a look at environment-linked stocks or in other words, eco-friendly stocks.

Buy VaTech Wabag with a target price of Rs 600.

Today is World Environment Day and it is a timely reminder to everyone to ensure they take action to protect the environment from the harm that is being caused by human activity. From planting a tree, saying no to plastic bags and walking to the shop rather than taking a car or a scooter, everyone must chip in to do the good work. The fate of future generations is at stake. In the same vein, for stock market investors, there are certain companies they can eye positively and generate profit from. With 5000-odd companies listed on stock exchanges, this special day gives an opportunity to pick up a few different themes in your portfolio. As we celebrate Environment Day today, let's take a look at environment-linked stocks or in other words, eco-friendly stocks on Dalal Street. Remember, what you are doing is ensuring the welfare of mankind.

D D Sharma, CMD, Risk Capital Advisory Services

1. VaTech Wabag

TRENDING NOW

Target: Rs 600
The company is into water treatment business
The company has been in this business for last 90 years
The company has business in America, Africa and Europe

2. IGL

Target: Rs 400
CNG, city gas distribution business
Other than NCR, the company has business in Sonipath, Panipath
CNG demand will go up as fuel prices rise
Focus on starting distribution centres in 16-20 new areas

3. Torrent Power

Target: Rs 350

The company has production capacity of 3300 MW
80% of total production from gas and renewable energy
Production efficiency better than other power companies

4. GSPL

Target: Rs 250

Country's second largest LNG infra and transmission firm
Companies from power and fertiliser sectors among big clients
Domestic LNG demand is going up

Sandeep Jain, Director - Tradeswift Broking

5. ION Exchange

Target: Rs 545

Into water treatment business
Big market share in industrial water treatment business
The company has projects to clean rivers

6. Atlas Cycle

Target: Rs 198

Country's second largest cycle producer
Cycle demand going up in big cities on account of traffic
Mountain, recently launched cycle
Current production capacity 40 lakh cycles per year

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7. United Nilgiri Tea

Target: Rs 480

The company makes green, herbal and black tea
Chamraj Tea brand name
The company exports tea to US, Europe, Australia and Canada

8. Thermax

The company provides engineering solutions
The company has experience ino boiler, heater supply and EPC services
The company has business in more than 85 countries

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