Jatin Gedia bullish on JSW Infra, Varroc Engg; flags caution on PowerGrid
Power Grid flagged a risk.
· Business Standard Mkts
On the broader market outlook, Jatin Gedia of Teji Mandi expects the Nifty to consolidate within 22,500-22,800 band for now.
The analysis
Against that, the stock is -2.9% on the day at ₹245.70, and has returned -11.9% over three months. It sits 23% below its 52-week high. The power sector has moved -13.4% over the same period, so Power Grid is running 1.5 points ahead of its peers.
For Power Grid, the question is how much of this is already reflected in the price and how much re-rates the power peer set alongside it.
Market context
- The company directly in focus is POWERGRID.
- Sector exposure: Power, Infrastructure.
In this story
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