Give Indiabulls Power the slip: Paras Adenwala

Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors

Among the recently listed power companies, Adani Power is always in news. I want your view on Indiabulls Power, the stock really has not done anything post listing. In fact it is probably down almost odd 40% from the issue price, at Rs. 30. Would you buy it from a long term perspective?

I would not like to buy a stock even if it has underperformed for the simple reason that at times, there are fundamental reasons for their underperformance and in case of Indiabulls Power, it is again a case of holding promise and something yet to deliver. So if one has to really play power generation, there are several other stocks that one can buy into. So I would give the stock a skip.