ICICI Securities: GE Power India - The Queen’s Gambit
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The current situation of GE Power India Ltd. is synonymous with a famous opening in chess called ‘The Queen’s Gambit’, in which a pawn is sacrificed to gain a positional advantage, in our view.
The withdrawal of the parent from large coal utility projects opens up opportunities to focus on long term value creation in terms of ramping up high margins, and high return on capital employed services business.
As clarified by the company, approximately 54% flue gas desulphurisation projects will be under uncertainty.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.