you are right. it is crazy. It has run up from Rs 30 to Rs 80 within 6 weeks.
As per Norms , promoters can not have more than 75% stake and promoters wound like to take this opportunity in off loading. Govt need money to spend.
Anyway, Order win gives future earning visibility… So, if you are long term investor , we need not worry. Fundamentally, Renewable stocks are going to be on demand due to thrust on renewable energy. Though these stocks carry PSU tag, but these PSU’s are leading from front by huge capex plan on Renewable energy.
Discl: Remain invested from entry level Rs @33 and I nay ce biased.
It is not a buy or sell recommendation. please apply due diligence before buying
Subscribe To Our Free Newsletter |