• Akhil Ravichandran
• Dr. Surekha Nayak

This study analyses the impact of global crude oil prices on five renewable energy company shares and the NIFTY 50 index. The objective of the study is to analyze if there is a relationship between crude oil prices and these shares, and if there is, to further study the direction and degree of this relationship. The independent variables would be the close prices of WTI Crude Oil futures, and the dependent variables are the NSE close prices of five companies: Indosolar, Websol, Suzlon, Ujaas, and Orient Green Power. The period of the observations extends from January, 2012 to December, 2018. The study would help understand if the market treats oil and renewables as substitute goods, and if an increase in the price of one would make the other one more attractive to markets.

Renewable Energy India, Crude Oil, Share Prices

"Impact of Crude Oil Prices on Renewable Energy Stocks in India: An Empirical Study", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.1019-1024, June 2019, Available :http://www.jetir.org/papers/JETIR1906Y68.pdf

"Impact of Crude Oil Prices on Renewable Energy Stocks in India: An Empirical Study", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp1019-1024, June 2019, Available at : http://www.jetir.org/papers/JETIR1906Y68.pdf