Power stocks re-rated under Modi 3.0 government; PSUs and privates benefit, with up to 37% upside potential.
Power stocks have seen re-ratings due to the stable and practical policy approach under the Modi 3.0 government, with demand outpacing supply for the long term. Both PSUs and private companies have benefited. Six stocks with upside potential up to 37% include PSUs and privates. The re-rating of PSUs is particularly notable in priority sectors with government policy push and spending.
June 02, 2024
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