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Anil Ambani-Gautam Adani to contest Modi 3.0, who will have the ‘power’?

Sagar Patel

By Sagar Patel

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Anil Ambani’s power company has become debt-free, will it be able to compete with Gautam Adani’s companies?

After the portfolio allocation in the Modi Cabinet 2024, the market expects the power theme to work in the Indian stock market in the next five years. As Anil Ambani’s Reliance Power stock prices have soared for the last five consecutive sessions, some experts predict that Anil Ambani’s Reliance Power stock may emerge as the market leader in Modi 3.0.

Experts are very excited about Anil Ambani’s Reliance Power stock. The reason for this is that the company has become completely debt free. According to stock market experts, in Modi 3.0, power companies are working on capital expenditure, transmission networks, electric vehicles and alternative energy sources like solar, wind, etc.

In such a situation, Anil Ambani may have to face many challenges. The next question is: Will Anil Ambani’s Reliance be able to compete with Adani’s power company, which has now become the largest power plant in India? Will Reliance Power be able to compete with Adani and other companies that have come a long way working on new sources of energy? Anil Ambani has many questions of this type before him, which will be very important to overcome and also as soon as possible.

There are no less challenges

Talking about the challenges that Anil Ambani may face, Avinash Gorakshkar, Head of Research at Profitmart Securities, says in the media report that in every uptrend, we saw a leader who left his peers far behind and outperformed the indices by giving alpha returns.

There was a time when Mafatlal’s actions were enough to dictate the conditions on Dalal Street. After that, with the entry of Reliance Industries and other business groups in the Indian economy, Mafatlal’s stock dominance ended. New business groups related to IT and technology sectors focused on electrical and energy infrastructure in Modi 2.0. During this period, Gautam Adani’s power and other companies also received a lot of help.

Going further, he said that since Anil Ambani’s Reliance Power has become a debt-free company, the share price can attract long-term investors. However, a lot will depend on the company’s performance in the coming quarters. There is no point in being a debt-free company. It is very important that the company is solid and of quality. In such a situation, the results of the first quarter of the current financial year can be very important for Reliance Power.

How can Anil Ambani become a market leader?

How can Anil Ambani emerge as a market leader in Modi 3.0? This is an important question. On this, Sandeep Pandey, founder of Basava Capita and former vice-chairman of HDFC Bank, says in the media report that the power issue is expected to work in Modi 3.0. While investors will be keeping an eye on companies that have increased their capital expenditure and distribution network, the company’s order book will also be important.

Gautam Adani’s Adani Power and other energy stocks do well As Anil Ambani’s Reliance Power becomes a debt-free company, it will need to work faster and more efficiently on these parameters to build confidence among investors. On the other hand, Anil Ambani may increase his stake in Reliance Power.

In addition to this, Sandeep Pandey says that power companies working on electric vehicles and alternative energy and other energy sources are expected to perform better. Gautam Adani and some other power companies are already working on this.

How high can Reliance Power stock go?

In the last five consecutive sessions, Reliance Power share price on NSE has risen from Rs 23.50 to Rs 31.30, generating returns of around 33 per cent to its investors. Talking about the outlook for Reliance Power share price, Choice Broking CEO Sumeet Bagadia said in a media report that Reliance Power shares have given a fresh breakout to Rs 28 and the stock is looking positive in the graphic pattern. The stock is facing difficulties at the level of Rs 32 per share. If the company’s stock breaks this level and advances, the stock price could soon touch the Rs 36 level.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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