Nuvama initiates coverage on India's Skipper with 'buy' rating

Skipper

08/10/2024 06:00

** Shares of power transmission and distribution tower maker
Skipper  SKIP.NS  rise 6.9% to 473 rupees
    ** Brokerage Nuvama Research initiates coverage on SKIP with
a "buy" rating and TP of 650 rupees 
    ** Says, SKIP set for strong performance with govt's
National Electricity Policy's projected 9.2 trln rupees ($109.6
bln) transmission capex (FY22–32) 
    ** Co's performance to be driven by global shift towards
renewable energy, boosting capex for transmission and
distribution firms - Nuvama
    ** Including session's move, SKIP up 112% YTD


($1 = 83.9440 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))