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[hfe_template id='11223'] [ad_1] Synopsis Among sectors that have been re-rated both in terms of business and on the street is the power sector. Of course, the occasional lack of price action or an overall bearish phase may make you wonder why you are holding these stocks. Yes, some of them are expensive and may even see a price correction. But it is a sector where things took a turn for the better some 12-14 years back – and the runway for growth is long. More importantly, promoters now seem to realize that, more than valuations, what they need to do is make their businesses strong so that they play a part in the energy transition wave that has just started. Power is one sector where the operating matrix of each player is quite different. A power generator, a power distributor, a transformer maker, or a power grid manager – each has its own challenges/advantages. What binds them together is the policy-level pushes that have brought the sector out of the dumps it was in ...

[hfe_template id='11223'] [ad_1] Shares of Tata Power rallied 2.9% to an intraday high of Rs 439.50 on the BSE on Thursday after the company reported a net profit (before exceptional items) of Rs 1,533 crore for the September 2024 quarter, compared with Rs 1,017 crore in the same quarter last year. This represents a 51% year-on-year (YoY) increase. Meanwhile, revenue from operations fell 1% YoY to Rs 15,247 crore. Consolidated EBITDA for the quarter rose 23% to Rs 3,808 crore, driven by increased solar manufacturing, favorable regulatory developments in distribution, and enhanced operational efficiency across businesses. The company also stated that it is well on track with its planned capital expenditure (Capex) for the financial year, having spent Rs 9,100 crore during H1 out of a total of Rs 20,000 crore. The transmission portfolio now stands at 7,049 circuit kilometers (Ckm), including 4,633 Ckm that are commissioned and 2,416 Ckm currently under construction. Also r...

[hfe_template id='11223'] [ad_1] Shares of Tata Power rose 2% to Rs 491.2 in Tuesday's trade after the company announced the signing of a landmark memorandum of understanding (MoU) with the Rajasthan government. The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh crore. This ambitious 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging. "The MoU will place Rajasthan at the heart of the nation's clean energy transition, contributing significantly to India's energy goals," said Tata Power This agreement involves comprehensive investment across the power value chain, from generation to transmission and distribution (T...

[hfe_template id='11223'] [ad_1] Synopsis The markets extended their gains but faced resistance at key levels, with the Nifty ending up by 104.70 points. Tata Power shows potential for a breakout from its consolidation range, while Honasa Consumer has broken out from its horizontal trendline resistance, indicating a possible 7% rise in stock price. There was a smart extension of the upmove by the markets; however, they also resisted the key resistance levels before coming off from their high point. The Nifty saw a positive opening to the session; it slipped into negative territory in the first hour of the trade. After that, a smart rally followed with took the Nifty well above the psychologically important 25000 level at 25130. Given the existence of strong pattern resistance there, the ETMarkets.com Sep 11, 2024, 05:45:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read it for free. Gifting Limit Reached! Hey , no more stories...