Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India's power sector set for up to 6 per cent CAGR on multi-vector capex upcycle: Citi
India's power sector is positioned for a sustained growth trajectory with a medium-term forecast set at a 5-6 per cent CAGR, supported by the convergence of electrification, data centers, cooling loads, and manufacturing sectors. According to a Citi Research report, the country is currently witnessing its first-ever multi-vector capital expenditure upcycle that spans thermal, renewables, transmission, and grid storage.
70 smallcap stocks repay at least 50% or more returns to investors in April. What does May hold?
Among the biggest gainers was Indo Tech Transformers, which surged nearly 145% in April, topping the list of monthly performers. The company, which manufactures power and distribution transformers, has benefited from strong investor interest in India’s power transmission and capex cycle.
Hitachi Energy hits new high in weak market; IDBI Capital initiates 'Buy'
IDBI Capital believes that Hitachi Energy India is a potent play amid a growing theme of power transmission in India
Hitachi Energy, GE Vernova T&D, CG Power stocks rally as Citi initiates with bullish calls on transmission boom
Citi cited estimates from BloombergNEF that global transmission and distribution capex could reach about $15 trillion between 2025 and 2050, and that India is uniquely positioned to benefit from this trend. It said that transmission infrastructure is emerging as a key bottleneck in the global energy transition.
Power Grid Corporation: Poised for next capex cycle as India’s energy transition accelerates
Strong order inflows, rising capitalisation, and renewable energy transmission projects improve long-term earnings visibility