Power Sector

The company has initially estimated that it will raise $409 million at a coupon of about 7.1250%.

Analysts of IIFL Capital Services like NTPC and Torrent the most, and would look to accumulate Powergrid, Tata Power, CESC, etc., on dips.

The project, under the Domestic Content Requirement (DCR) mode, is set for commissioning by July 2024.

Power India reported a marginal net profit of ₹37 Lakh, contrasting with a net loss of ₹139.9 Crore in the previous fiscal year.

Transformers and Rectifiers India was trading on the BSE at ₹361.00 at 11:23 a.m., up ₹17.20, or 5.00%.

The Central power Authority predicts that India's daily power demand would reach a record 256.5 gigawatts (GW) in September 2024.

Recommendation: Buy; Target price: ₹5915

NTPC, India's largest power utility, has a total installed capacity of 74 GW

The board accorded investment approval for the implementation of ULDC Phase-III at an estimated cost of Rs 514.66 crore.

The stock has rallied over 60% in the calendar year 2023