In any industry, environmental, social, and governance issues pose serious risks to operations and profits. Investing in profitable companies with unsafe workplace practices or a history of oil spills (disregard to the planet) may seem lucrative now, but it won’t pay off in the end.
Adani Power shares may rally 18%, positioned as a pure play in India’s thermal power space: InCred Equities
InCred Equities has initiated coverage on Adani Power with an ‘add’ rating and a target price of Rs 649, citing a potential 17.8% upside. The