While benchmark indices Sensex and Nifty disappointed investors last week, power and energy stocks got all the love and affection. BSE Power index and Nifty Energy index shot up by around 6 per cent each. Stocks like NTPC rallied over 12 per cent, Coal India 14 per cent, Tata Power 18 per cent and JSW Energy 10 per cent.
In today’s special podcast with independent market expert Rajiv Nagpal, we try to figure out what sparked the rally in power and energy stocks and whether you should join the party.
Welcome to the show Mr Nagpal.
1) Can you explain the factors behind the demand for power and energy stocks last week?
2) Given attractive dividend yields and undervaluation of some such stocks, do you think the momentum can sustain for some more time? Can this basket be a long-term bet as well?
3) Aren’t things looking brighter on the renewable energy side? How should one go about picking power stocks?
4) What about earnings? Do you see any further rerating in this pocket on earnings growth?
Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!