Power Grid & Hitachi Energy top power picks: Goldman Sachs

​​The brokerage said in a client note on Thursday that power transmission is key to India’s transition to clean energy and the government is assisting the viability of renewable projects via indirect fi nancial support worth $270 billion. Power Grid shares rose 2.1% to Rs 280 and Hitachi soared 10.4% to Rs 8,350, while Schneider dropped 4.8% to Rs 756.

has initiated coverage on power transmission companies with on Corp and and a sell on .

The brokerage said in a client note on Thursday that power transmission is key to India’s transition to clean energy and the government is assisting the viability of renewable projects via indirect financial support worth $270 billion. shares rose 2.1% to Rs 280 and Hitachi soared 10.4% to Rs 8,350, while Schneider dropped 4.8% to Rs 756.

Source: Stocks-Markets-Economic Times