Many brokerages are optimistic about Power Grid due to transmission opportunities, though Nuvama highlights risks such as a slower order book and increased competition from competitive bidding.
For solar, you have the likes of Waaree, etc. And for wind, you have the equipment suppliers again in the sense of Suzlon and Inox. So, these I would say are the broad spectrum of power equipment suppliers in the Indian landscape.
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Nikhil Nigania, Director at Bernstein, discusses the winners in the power sector and highlights that entities with merchant power plants stand to make the most gains. He compares the current power cycle to the previous one, noting that the current cycle is characterized by specific time-of-day power shortages due to the addition of solar capacity. Nigania also mentions that players investing in thermal capacities, such as NTPC, could be winners.