The only argument in favour of dilution at JSW Neo Energy would have been that the green energy generation companies are commanding higher valuation versus the fossil fuel-based energy generation companies.
The ideal solution is to separate RE production from storage, and charge some hydel specialists with the task of building adequate pumped storage capacity in environmentally benign ways across locations, facilitating transmission of green power across the country for such storage and draw-down.
ICICI PRU BLUECHIP: The biggest offering in its category, this large-cap fund emphasises on individual stock selection for outperformance rather than taking bold sector calls. It avoids the ‘growth at reasonable price segment and prefers a mix of ideas from two opposing themes. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
NHPC rose from Rs 88.15 as of February 29 to Rs 89.70 recorded on March 28, 2024, which translates into an upside of 1.7%. However, on a weekly basis, it has risen over 6%. The stock rallied nearly 40% in the last three months.