Nuvama highlighted that Skipper is poised for a powerful performance as a niche player in a strong position. The firm noted the proposed National Electricity Policy (NEP), which includes an indicative transmission capital expenditure of Rs 9.2 trillion.
This, combined with the global shift towards renewable energy (RE), is expected to drive significant growth in high-voltage transmission and distribution (HV T&D) capital expenditure.
Skipper is also set to benefit immensely from domestic and export order intake tailwinds. Nuvama projects an order inflow/sales/EPS compound annual growth rate (CAGR) of 22%/26%/50% over FY24-27, with an EBITDA margin of 10.5% by FY27.
Additionally, the company is doubling its tower capacity and is noted as the only backward-integrated player in India.
Following this bullish call from Nuvama, Skipper shares surged 11% to Rs 493.7 in Tuesday’s trade on the BSE. The stock has increased 111% year-to-date and has rallied 574% over the past two years.In terms of technicals, the relative strength index (RSI) stands at 49.4, signaling it’s neither trading in the overbought nor the oversold territory. MACD is at 14.4, above its center line, but below the signal line. The stock stood higher than the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).Skipper is Indiaβs largest and the worldβs only integrated T&D company across the transmission chain. The company has its structure rolling, manufacturing, tower load testing station, and transmission line EPC.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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