CG Power expands its switchgear production, signaling strong demand in the power equipment sector. However, market expert Sandip Sabharwal warns that valuations for companies like CG Power, Hitachi Energy, and GE Vernova have surged significantly. He advises existing investors to hold but suggests new investors wait for corrections. Wockhardt’s Zaynich approval excites markets, but near-term gains may be limited.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets