Thursday, October 4, 2007
POWER PLAY
The power sector is red hot right now. This sector is set to reap the rewards of major reforms initiated in the country some time back. Current events like Reliance Energy coming up with an IPO of Reliance Power and the listing of Power Grid Corp will fuel the fire in Power Stocks. PTC and NTPC are going to set up Power Exchanges to trade power. Power Grid is expected to list around rupees 80. We may see a big rally in Power stocks like PTC, NTPC, Torrent Power etc. in the near future.
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3 comments:
PowerGrid is trading comfortably above 100 on the
day of listing. 100% premium on IPO price. Can it
be bought at these levels for more immediate
gains? I very much think yes.
Power sector is likely to do well in the coming years and I think scrips like Power Grid shall continue to shine.
Friends, you have seen how my recommended power scrips like PTC, NTPC, TORRENT POWER etc. have performed since my recommendation. Each of them have given gains of approx. 50% in a short span of time.
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