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357 viewsSeed, edited Apr 24 at 08:07

Create: 2024-04-24
Last Update: 2024-05-31 11:55:05

BY 𝐖𝐢𝐧𝐠𝐬 𝐎𝐟 𝐇𝐞𝐚𝐫𝐭

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Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.

However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.