Emkay Global is positive about three power sector stocks; Take a look
Updated: 10 Jun 2022, 11:10 AM IST
- Emkay Global is positive about the demand scenario of the power sector. It pointed out that power generation grew by nearly 17 percent year-on-year (YoY) in the first two months of Q1FY23, with a 3-year CAGR of about 5 percent.
Thermal energy from thermal power plants (with high variable costs) is proposed to be replaced by RE sources to optimize the cost of power delivered to customers, said the brokerage firm. (Representative Image/HT File)