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Why Power Stocks Crashed Today: The China Factor Is Back | Upstox

Автор: Upstox

Загружено: 2026-07-03

Просмотров: 3826

Описание: 📌 GE Vernova fell ~10%, Hitachi Energy ~9%, and CG Power ~7% after the government granted 2-year tender exemptions to four Chinese-linked power firms. Indian companies had enjoyed protection from Chinese competition since 2020 — that edge is now under threat, particularly in transformers and GIS segments. Analysts say the move is meant to plug a domestic supply gap, as India’s power demand is simply growing faster than local capacity.

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#gevernova #hitachienergy #cgpower #powerstocks #chinesefirms #indianstockmarket #stockmarket #upstox #marketupdate #powersector

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Why Power Stocks Crashed Today: The China Factor Is Back | Upstox

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