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>The base deficit rose marginally to 0.4% in Dec-21 while peak deficit fell to 0.1% vs 0.6% MoM, with the merchant rate at INR3.2/unit. As of Jan-22, discoms' outstanding dues have risen to INR1066 bn (+18%/+8% on YoY/MoM). We expect power demand to revive during Feb-Mar-22. NTPC, PGCIL, and CESC are our top picks. Generation growth remained subdued in Dec-21 at 2.5% YoY due to low temperatures at the onset of peak winter, which dampened power demand. In the MTD Jan-22 period as well, demand growth stood at 1.5% YoY, mainly due to a partial lockdown imposed across states due to rising COVID cases.</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>

The base deficit rose marginally to 0.4% in Dec-21 while peak deficit fell to 0.1% vs 0.6% MoM, with the merchant rate at INR3.2/unit. As of Jan-22, discoms' outstanding dues have risen to INR1066 bn (+18%/+8% on YoY/MoM). We expect power demand to revive during Feb-Mar-22. NTPC, PGCIL, and CESC are our top picks. Generation growth remained subdued in Dec-21 at 2.5% YoY due to low temperatures at the onset of peak winter, which dampened power demand. In the MTD Jan-22 period as well, demand growth stood at 1.5% YoY, mainly due to a partial lockdown imposed across states due to rising COVID cases.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: Peak winter demand remains subdued

NTPC Ltd

Power Plus: Peak winter demand remains subdued