Govt policies plays a key rule in stock prices and case in point is the shares of power utilities which rose sharply after govt ordered state-run miner Coal India to sign 20-year guaranteed fuel supply contract with power producers for projects that would be ready for generation by March 2015.
This is a good order which will help to improve the fundamentals of Utilities sector and in turn review power sector capex (indirectly positive for Capital goods sector)
Bookmark us for best share tips and make money with our daily sure tip of the day.