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Morgan Stanley double upgrades Tata Power, Torrent Power; check out details

Business Standard LogoBusiness Standard10h ago

Morgan Stanley double upgrades Tata Power, Torrent Power; check out details - Business Standard

Quick Summary:

This has resulted in higher plant load factors (PLFs) for coal plants (partly also due to slower commissioning), higher merchant volumes being sold on exchanges and Independent Power Producers (IPPs) reporting stronger-than-expected profit growth.

As per Morgan Stanley NTPC will increase its market share in conventional capacity in this cycle and has moats to build a strong renewable energy platform.

Furthermore, Morgan Stanley sees upside risks to capex and earnings as leverage but also thinks valuations have to be seen in the context of growth, its visibility, and leverage, not just return ratios.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 14:49:06 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22749099

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 277 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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