Representative image
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
A strong growth in power generation and better merchant power realisations had a huge positive impact on the Q1FY23 numbers of JSW Energy (CMP: Rs316 Market Cap: Rs 51,984 crore). The company is also expected to deliver strong earnings growth — aided by its core business and the planned growth capex — over the next three to four years in the renewable space. Moreover, the visibility about its ambitious growth plan for renewable energy and the possible utilisation of...