In today’s volatile market, environmentally progressive companies like Zomato and Swiggy showed resilience, gaining ground despite a downturn that saw Sensex drop 96 points and Nifty decline by 36.65. This contrast starkly with traditional energy sectors, as exemplified by Adani Green Energy's notable decline. Voltas and Blue Star, benefiting from increased demand due to rising temperatures arguably exacerbated by climate change, also saw gains. This divergence underscores the growing financial viability of sustainable businesses over those contributing to environmental degradation.
Progressive Companies Surge as Traditional Energy Falters in Market Turbulence
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Mar-05
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Score: 0.50
Sensex fell 96 points, Nifty dropped 36.65 amid weak global cues. Concord Biotech surged 14.6%, Swiggy, Zomato gained, Voltas, Blue Star rose on summer demand, while Jindal Worldwide, Adani Green Energy, and Bajaj Auto declined.
From Economictimes.com
Mar-05
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Amidst a general market dip, with Sensex shedding 96 points and Nifty falling 36.65, certain sectors demonstrated remarkable resilience, hinting at the underlying strength of the economy. Companies such as Zomato and Swiggy, alongside traditional manufacturing giants like Voltas and Blue Star, capitalized on seasonal demand, showcasing the effectiveness of market-driven solutions to meet consumer needs. In contrast, the decline observed in stocks like Adani Green Energy raises questions about the sustainability of investments driven more by political agendas than market realities.
From Economictimes.com