Samvat 2083 stock picks | Stocks to buy: As Samvat 2083 kicked off with the Muhurat Trading session on Sunday, long-term investors are expected to find value picks for their stock portfolio. They are highly optimistic after the successive bull run in the pre-Diwali rally on Dalal Street. Easing of Middle East tensions and Brent Crude oil price slipping below $100 per barrel further boosted positive sentiment in the Indian stock market.
According to stock market experts, the winter session is round the corner, and the next two to three quarters are expected to see higher demand for power, both renewable and non-renewable. So, the market tends to discount an event or theme in advance. So, one should look at buying power stocks for the long term. They said that India's summer peak demand continues to reach new record highs annually, ensuring high PLFs for thermal plants as solar infrastructure scales up.
On which power stock to buy, Avinash Gorakshkar, Founder of Avinash Mentor Research, said, “Investors looking for a safer option along with an additional income in the form of dividends can look at buying NTPC and Power Grid Corporation shares. However, for a high-upside play, suitable for high-risk investors, Adani Power shares are the most suitable stock to buy.”
Gorakshkar said that for investors looking for a power stock with low debt-to-equity and robust ROE, shares of Genus Power Infrastructures Ltd can be a good option during Samvat 2083.
Gorakshkar advised investors to avoid Tata Power shares, as the company has lost the legal battle against Klero Capital Partners in the Singapore Court. This legal setback has put an additional ₹6,000 crore of pressure on the company's balance sheet, which is expected to be offset by around one year's net profit.