Shares of utility companies were in focus after a global research firm gave its views on the sector.
Credit Suisse said that overall power demand remains weak. Meanwhile, the month of August was better at 8 percent but it has not sustained in September. It also highlighted that the power market remained strongly in surplus, while all India PLF is still well below 60 percent. This figure could remain below 70 percent till FY22.
Reacting to the overview, NTPC’s stock gained 2 percent intraday on Monday. The brokerage house has a neutral call on the stock with a target of Rs 180. Read More…
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