Jefferies picks Adani Energy despite RBI rate hike
after close1 source ↓machine-written, see hownot a recommendation
- by the RBI
- 25 bps Repo Rate hike
Jefferies India has identified Adani Energy Solutions, JSW Energy, and NTPC as top picks despite the 25 bps Repo Rate hike by the RBI to 5.50%. This marks the first increase in three and a half years, raising concerns about profitability in the power sector. Traders should monitor potential impacts on earnings per share (EPS) amid rising inflation and crude oil prices.
• Repo Rate increased to 5.50%
• Focus on power companies' loan exposures
• Jefferies maintains confidence in selected stocks
Not investment advice. For informational purposes only.