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VERIFIEDET Stocks·positive
Citi initiates coverage on 4 Indian power equipment stocks; sees up to 33% upside. Own any?
AI Summary
- ·Citi Research initiated coverage on four Indian electrical equipment makers.
- ·The firm sees strong domestic transmission buildout and accelerating HVDC adoption as key growth drivers.
- ·Citi issued 'Buy' ratings on Hitachi Energy India, GE Vernova T&D India, and CG Power and Industrial Solutions, with a 'Neutral' call on Siemens Energy.