What is the impact of such one stock on the overall PF? If the profit that we lose by not applying discretion is not substantial in absolute terms, then I guess, we can continue with our system; more so if such occurrences are common but don’t have any material impact on the overall return, say 3 in 20 stocks. But, if such losses seem big enough, then we can apply discretion using our experience, intuition and what we can see when we sell. Although, we have to accept and welcome the possibility of the sold stocks getting back up and moving higher. Until the system becomes robust enough for us to depend on it, discretion is not bad per se, more so when we are booking a profit.

And, if the system can provide with many such positions, a few missed profits or booked early profits would not make any difference.

Jim Simons wanted to use discretion, so no problem, I guess

My 2 cents on few Renewable Energy Stocks

IREDA
IREDA, is a non banking financing company which provides financial assistance to renewable energy projects like power generation, equipment supply and fuel source projects including wind power, solar power, hydro power, biomass. The Company’s primary sources of funds include domestic and foreign borrowings, internal resources and Government of India support.

NHPC
The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power. The company has 7097 MW installed capacity (6971 MW Hydro & 126 MW Renewable Energy) through 25 power stations across 13 states. Its contribution is 15% of India’s installed Hydro Power on consolidated basis.

TATA POWER
Tata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources.

Tata Power plans to invest INR 20,000 crore in FY25, with 55-60% allocated to renewables. The company aims to commission over 3 GW of renewable capacity in FY25 and over 4 GW in FY26.

ADANI GREEN
As of FY24, the company is India’s largest renewable power producer with 10.9 GW of operational renewable energy capacity compared to 5.4 GW as of FY22. It has 11 GW of capacity under execution. It is ranked the 2nd largest Solar PV developer in the world with a total solar capacity of 18.1 GW in Mercom Capital Group’s Global Annual Report. It intends to increase its renewable capacity from 10.9 GW to 50 GW by 2030, 10% of India’s renewable capacity target.

Hi-Green Carbon Ltd
Hi-Green Carbon Ltd. (HGCL) core focus is on Renewable Energy with a diversified portfolio varying from castings, consumer goods, corporate farming, packaging, and herbal products. Company is in the renewable energy segment creating wealth from waste (through a patented technology).