homemarket Newsstocks NewsInvestec initiates coverage on Tata Power, NTPC, Power Grid, CESC, here’s why

Investec initiates coverage on Tata Power, NTPC, Power Grid, CESC, here’s why

Investec has initiated a coverage on five power utilities stocks. According to the firm, there is a generation shift happening which will lead to a multi-year upcycle. Of the five stocks, they have a 'buy' rating on four of them – Tata Power, NTPC, Power Grid and CESC; and Torrent Power is a sell.

By Nimesh Shah  Oct 11, 2021 11:11:15 AM IST (Published)

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Investec has initiated a coverage on five power utilities stocks. According to the firm, there is a generation shift happening which will lead to a multi-year upcycle.
Of the five stocks, they have a 'buy' rating on four of them – Tata Power, NTPC, Power Grid and CESC; and Torrent Power is a sell.
According to Investec, India is going to witness a peak deficit by FY24. While renewables will add to the capacity, however there will be a big mismatch as far as demand/supply on power is concerned.