Stay away from power stocks for now: P Phani Sekhar, Angel Broking

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking, shares his views on the power space.

ET Now: What is your call on the power space?

P Phani Sekhar: This CERC petition made by Tata Power and other companies is a bit tricky to play on at this point. This is because one doesn't know which way the CERC will go. I would be bit hesitant to take an investment call in power stocks. Therefore, for the moment -- safely stay away from this.