BusinessJefferies India Picks Adani Energy Among Top 3 Despite RBI Rate Hike
Jefferies India has named Adani Energy Solutions as one of its top three stock picks despite the RBI's recent 25 bps repo rate hike to 5.50%, the first increase in over three years. The global investment bank noted that while monetary tightening may hurt power companies' profitability, Adani Energy, JSW Energy, and NTPC have manageable loan exposures and protections against rate increases.
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