Moneycontrol Pro highlights: Analyst pick Sun Pharma, Jindal Steel stocks; why politics must be kept out of power sector

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Keep politics out of the power sector

The first-quarter results of capital goods producers make for gloomy reading. Private investment demand is yet to take-off. Particularly troubling is the slack in the power sector. Nearly 8 gigawatts (GW) of capacity is waiting for power purchasing agreements to be signed. That’s because state electricity distribution companies are in deep trouble. Their financials are in a bad shape thanks to transmission and distribution losses that are still high, and a reluctance to hike power rates because of political interference. What can be done to revive the power sector which has linkages with the rest of the economy? Click here to read more.

 Moneycontrol Pro highlights: Analyst pick Sun Pharma, Jindal Steel stocks; why politics must be kept out of power sector

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This high-quality NBFC is a must-own in any portfolio

This stock is a high-conviction pick by the Moneycontrol Research team for quite a while now. Its continued strong financial performance (as seen from the June quarter earnings) only bolsters confidence in the company. MC Research feels it will negotiate the current slowdown with equal ease and stand out as a strong differentiated player amidst the gloom. Despite the stock outperforming in recent months, MC Research recommends that investors should look to add the stock in the current tentative phase of the market. Click here to know which is this stock.

Picks from our technical analysts

Sun Pharma: This stock has formed a high probability cup and handle pattern offering a good risk-reward trade. Click here to know how to trade the stock.

Jindal Steel:
Our chartist recommends a way to trade Jindal Steel options profitability ahead of its Q1 earnings. Click here to read more.

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Updated Date: Aug 14, 2019 17:19:46 IST