Wednesday, 2 September 2009

Power story to unfold in FY11; buy long-term: 3i India

Power stocks like NHPC and Adani Power are best viewed as long-term investments, feels Anil Ahuja, Head of Asia, 3i India. "The power story will unfold in FY11 and we are taking a three-four year view on investments," Ahuja told CNBC-TV18 in an interview, adding that the power demand-supply gap will increase further and that merchant power rates can surprise on the upside.

According to Ahuja, return on equity (RoEs) in the power sector can go over 20% levels.

Source: Moneycontrol

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.