Suzlon Energy, BHEL, Tata Power, NTPC share price targets, Q2 results previews
JM Financial in its latest earnings preview note expects many power companies to report flat or negative growth in revenue for the September quarter, driven by moderate power demand and stable fuel prices. The brokerage said any commentary on capacity addition in renewable energy and thermal), coal prices and power production will be keenly watched. It noted that power demand is expected to gain momentum during festive season as CERC estimated 230 GW of peak power demand in October. There is also projections of a harsh winter, with IMD projecting the likelihood of a severe winter due to La Niña, it said.
“Overall, we remain positive on the utilities space with increasing power demand and more policy focus on capacity addition,” it…
