In the December quarter, RILs consolidated EBITDA is expected to decline by 2% on-quarter to Rs 39,997 crore due to weak refining & petchem margins which would offset decent performance from retail and Jio.
Reasonable deal valuation and strong growth prospects have fetched brownie points for PCBL s acquisition of Aquapharm Chemicals, although debt remains a concern
Analysts believe the favourable government policies for the sector, continued peak power deficits and the country s shift towards clean energy will drive the re-rating of power stocks. Tata Power, NTPC, CESC, NHPC, and SJVN are among the preferred stock picks.
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