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Emerging Markets

Indian power stocks seen as overpriced

Government reforms and a flurry of IPOs have buoyed sentiment and driven Indian power stocks to expensive levels, says Noble Group. It advises investors to target experienced firms such as Tata Power and Torrent Power.

  • 10 Nov 2009
Stocks in India’s power sector are starting to look expensive following a recent rally caused by government reforms and a spate of IPOs, according to Noble Group. India’s Ministry of Power has introduced several reforms in the past few years designed to improve the country’s power output and distribution, ...

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1 HSBC 38,825.26 253 0.00%
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3 JPMorgan 32,257.81 136 0.00%
4 Deutsche Bank 28,639.76 139 0.00%
5 Bank of America Merrill Lynch 19,785.76 107 0.00%

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3 Deutsche Bank 8,709.83 31 9.17%
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5 Bank of America Merrill Lynch 7,704.20 29 8.11%

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2 AXIS Bank 2,543.47 62 9.42%
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5 Citi 1,514.67 10 5.61%