Stocks to Watch Today: Bharat Electronics, Data Patterns (India), SAIL and Zomato ahead of Q4 earnings on Monday.
Most large floats by the government have failed to create long-term wealth for investors
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
Significant rise in electricity consumption has pepped up the investors' interest at these counters.
India's power consumption has grown steadily at 4.6% YoY in March to 126.12 billion units, showing the impact of early onset of summers and easing of lockdown restrictions by states.
Overall, transmission bidding is likely to gather pace from FY23, which bodes well for PowerGrid Corporation, said Edelweiss in its analyst note.
The underneath strength, preferably read as price action, has been able to hold ground around the major neckline supports for these stocks
PowerGrid has a robust project pipeline worth Rs 27,500 crore and has capitalised around Rs 22,932 crore in the last four quarters, which provides earnings visibility for 2-3 years