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Alpha India Late Economic - Energy and Utilities Ranking India

Orpheus Capitals, Sep 2011, Pages: 5


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Energy and Utilities

We illustrated here the Jiseki ranking of the top Indian Energy and Utilities stocks. The best performers are Torrent Power (near 90% rankings), followed by Rural Electric and Bharat Petroleum. The worst performers are Suzlon, Reliance Infra and Power Grid. Today’s Alpha India report carries technical cases on the two worst performers, Suzlon (slide 2) and Reliance Infra (slide 3). The market bias is now positive as NIFTY bounced from key confluence supports at 4,700. We expect further positive confirmation above 5,200.

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