Gurmeet Chadha’s pointers on playing the power bouquet; where to bet in NBFCs
Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says “we are playing power through power generation which is Tata Power, also had some exposure to CG Power. Then we are playing it through the transmission space which is Power Grid, among others. Some of the stocks are fairly valued, including Coal India and NTPC. So that is one way. Then we have the renewable sources to play, which is Praj Industries and that is more on bio-fuel. The third way is through the financiers and just see the move in REC and PFC, the way they have run up. That has been the most long, secular play.”
What all do you own in power because from legacy companies, wires and cables, transmission towers, financiers, there is a big bouquet out there in power?
Absolutely. And as we were discussing in the morning we are playing it through power generation which is Tata Power, also had some exposure to CG Power. Then we are playing it through the transmission space which is Power Grid and there is a proxy play to power through a company which is basically a defence company into explosives, got the largest order from Coal India for Rs 3000 crore – Solar Industries. The stock has run up quite a lot. 40% of the revenue comes from Coal India, which again is mainly on power generation.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitAlso, some of the stocks are fairly valued, including Coal India and NTPC. So that is one way. Then we have the renewable sources to play, which is Praj Industries and that is more on bio-fuel. It is more to do
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