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Alok Agarwal sees brighter prospects for Indian equities, citing tax reforms, GST cuts, and global easing as growth drivers. While trade talks with the US remain a hurdle, cooling valuations, resilient earnings, and emerging sectoral opportunities point to renewed investor confidence and potential FII inflows after earlier outflows.
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News and Media
Shares of Adani Power surged 9% to Rs 687 on the NSE on September 19, driven by renewed investor enthusiasm. Analysts cite three key catalysts for a potential 30% upside, including Morgan Stanleys overweight rating, the companys plan to expand operational capacity from 18.15 GW to 41.9 GW by FY32, and a $2227 billion investment in under-construction projects.
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JSW Energy shares surged following the announcement of JSW Neo Energy's acquisition of Tidong Power Generation for Rs 39 crore, supporting its 30 GW renewable energy target by FY 2030. Additionally, GE Power's boiler business demerger into JSW Energy, with a share exchange ratio, further fueled investor optimism.
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News and Media
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