Entire power chain will continue to see an earnings acceleration: Abhishek Bhardwaj

Abhishek Bhardwaj of Green Lantern Capital, states that India will continue to have high energy demand due to factors such as focus on manufacturing, which is more energy-intensive than the services sector. He also highlights that newer industries like AI-driven data centers contribute to this energy demand. Bhardwaj believes that the market is currently trading at an expensive valuation and faces challenges in sectors with high ownership and expectations, such as HDFC Bank. However, he sees opportunities in the engineering and capital goods space, particularly in companies supporting power reforms.

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