Investors urged to shun Indian power stocks
Moves by India's government to cap electricity charges and remove tax breaks benefitting big firms is expected to hit the valuations of mainstream power utilities. Noble Group is keen on second-tier power ancillaries instead.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts