For a growing economy, sectors like power and telecom should be the pillars of growth.
Instead, in India, they became the pariahs for investors and policy makers alike.
Hence, it's difficult to imagine the fortunes of these sectors could turn around dramatically a decade later. So much so that power and telecom are now the most sought-after opportunities among policy makers and investors alike.
Power stocks assumed importance with digitisation and the electric vehicle revolution. In fact, a few power stocks have once again enjoyed irrational exuberance in the past year.
But telecom stocks are yet to find a place in the sun.
This could change in 2023.
Listen in to know why...
Tanushree Banerjee (Research Analyst), is the editor of Stock Select and Forever Stocks. Tanushree started her career at Equitymaster covering the banking and financial sector stocks and scrutinising RBI policies. Over the last decade, she developed Equitymaster's research processes that helped us pick out various multibaggers, across all sectors. A firm believer of "safety first" when it comes to investing, Tanushree closely follows the investing philosophies of Warren Buffett, Jeremy Grantham, and Joel Greenblatt.
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