- June 12, 2024
- Posted by: legaleseblogger
- Category: Related News
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Modi 3.0: Market Expectations in Indian Stock Market
After the portfolio allocation in Modi cabinet 2024, the market is expecting the power theme to work in the Indian stock market in the next five years. With Anil Ambanni’s Reliance Power share price skyrocketing for the last five straight sessions, some observers are speculating whether Anil Ambani’s Reliance Power shares would emerge as a market leader in Modi 3.0. The optimism surrounding Anil Ambani’s Reliance Power shares is fueled by the fact that the company has become entirely debt-free. Stock market observers note that amidst the buzz about the power theme in Modi 3.0, companies are focusing on Capex, transmission networks, EVs, and alternate power sources like solar and wind. Anil Ambani will need to address these challenges to stay competitive in the market.
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Challenges for Anil Ambani in Modi 3.0
Speaking on the challenges that Anil Ambani may face, Avinash Gorakshkar, Head of Research at Profitmart Securities, emphasized the importance of a market leader delivering alpha returns and setting trends. Mafatlal stock, once a dominant force, was overtaken by Reliance Industries and other emerging business groups. In Modi 2.0, a focus on power and energy infrastructure benefited companies like Gautam Adani’s power ventures.
“As Anil Ambani’s Reliance Power has achieved debt-free status, it may attract risk-oriented long-term investors. However, the company’s performance in subsequent quarters will be crucial in determining its sustained success,” noted Gorakshkar.
On the path to emerging as a market leader in Modi 3.0, Sandeep Pandey, Founder of Basav Capita and Former Deputy Vice President at HDFC Bank, highlighted the significance of Capex, distribution networks, and order books in investor confidence. Companies focusing on EVs and alternate energy sources are expected to outperform in the evolving market landscape. Anil Ambani’s Reliance Power, with its debt-free status, must accelerate efforts in these areas to maintain competitiveness.
Sandeep Pandey further emphasized the importance of adapting to market trends and investor expectations to secure a leading position in the sector.
Reliance Power Share Price Projections
Over the last five sessions, Reliance Power share price on the NSE has surged from ₹23.50 to ₹31.30 per share, delivering a significant return to investors.
Commenting on the share price outlook, Sumeet Bagadia, Executive Director at Choice Broking, highlighted a positive chart pattern for Reliance Power stock, with a potential breakout at ₹32 per share. Analysts anticipate further upside potential for the stock, potentially reaching ₹36 per share in the near future.
Disclaimer: The views and recommendations provided by individual analysts and experts are not endorsed by Mint. Investors are advised to seek counsel from certified experts before making investment decisions.
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