Kotak Institutional Equities cautions overvaluation of NTPC and Power Grid shares due to slow asset growth and high valuations.
Kotak Institutional Equities warns against overvaluation of NTPC and Power Grid shares, stating that the market is overlooking slow growth in asset stock and high valuations. While the electricity sector has seen capacity expansions, increased demand, and government emphasis, Kotak disagrees with the way investors are valuing these stocks, as their fair values are lower than current market prices.
June 13, 2024
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