sold nalco to switch to powergrid. need some clarity if russian metals will be sold at discount in many countries. powergrid is a pure domestic play not likely to be affected by global tensions. anticipating heat wave situations at the beginning of may and economic activities may increase power demand. powergrid charges wheeling charges to electricity generators and distribution companies. these charges are based on the amount of power transmitted over their network and the distance it travels. think of it like a toll fee for using the highway.
Price when posted : NSE: Rs. 183.10
Russia is cutting its Aluminum production, so there will be supply reduction in massive scale, this will push Aluminum prices over the roof and hence Nalco & Hindalco are best bets as of now. Buy more of Nalco and even Vendanta will benefit at smaller scale. I am bullish on Metals & Commodities due to War scenario.
Price when posted : NSE: Rs. 184.05
sold nalco to switch to powergrid. need some clarity if russian metals will be sold at discount in many countries. powergrid is a pure domestic play not likely to be affected by global tensions. anticipating heat wave situations at the beginning of may and economic activities may increase power demand. powergrid charges wheeling charges to electricity generators and distribution companies. these charges are based on the amount of power transmitted over their network and the distance it travels. think of it like a toll fee for using the highway.
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