Elara sees stronger Q2 earnings for power firms as demand rises
In short
Elara Capital expects power companies to report stronger second-quarter earnings as electricity demand and coal offtake improve. Rupesh Sankhe said he prefers NTPC and Tata Power over pure renewable players, and he sees value in IEX after its fall.
This matters for power stocks and investors watching the sector. The report does not give any earnings numbers or say how much the shares may move.
What the reporting says
Elara Capital expects stronger Q2 earnings for power companies as electricity demand and coal offtake improve, according to Senior Vice President Rupesh Sankhe. He prefers NTPC and Tata Power over pure renewable players and sees value in IEX after its correction. The report does not give earnings estimates or say whether the view has changed market prices yet.
Why it matters
Elara Capital said power companies could post stronger Q2 earnings as electricity demand and coal offtake improve. The note favors NTPC and Tata Power over pure renewable names and says IEX looks attractive after its correction. The reporting does not provide earnings estimates or a price target, so the immediate implication is a sector-positive view rather than a confirmed results update.