Power Generation & Distribution
Power - Generation/Distribution
from 371 today
Despite factoring in Mundra resolution and higher coal realisations, we find growth back ended as large RE/PSP capex shall come up only by FY30E. With stock down 15% since Q4, valuations imply limited downside. Upgrade to 'HOLD' from 'REDUCE' with a TP of INR400.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
