External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<p>While the Centre has dropped the DBT scheme from the proposed bill, other reforms like delicencing and smart metering can be the silver lining that will revive the sector. NTPC, PGCIL, and CESC are our top picks. Given the onset of winter and muted power demand, generation growth remained subdued in Nov-21 at 2.1% YoY. During MTD Dec-21 as well, demand growth has been low at 2% YoY. Lower power demand and improved coal supply led to a 1.5x increase in coal stocks across stations compared to the critical Oct-21 level.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

While the Centre has dropped the DBT scheme from the proposed bill, other reforms like delicencing and smart metering can be the silver lining that will revive the sector. NTPC, PGCIL, and CESC are our top picks. Given the onset of winter and muted power demand, generation growth remained subdued in Nov-21 at 2.1% YoY. During MTD Dec-21 as well, demand growth has been low at 2% YoY. Lower power demand and improved coal supply led to a 1.5x increase in coal stocks across stations compared to the critical Oct-21 level.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Power Plus: Low demand, better supply ups coal inventory 1.5x

NTPC Ltd

Power Plus: Low demand, better supply ups coal inventory 1.5x