ReNew Energy Glb's positive earnings report, beating estimates by 33.33% and showing a substantial revenue increase from the previous year, suggests a strong financial performance. Historically, positive earnings results can lead to an increase in stock price, although it's noted that the stock price dropped by 1.86% the day after last quarter's earnings were announced. This mixed historical reaction adds a layer of uncertainty, but the significant beat and revenue growth are likely to be viewed positively by investors.