Tata Power can give steady returns: Siddharth Sedani

ET Now spoke to Siddharth Sedani, Sr Manager (Portfolio Management Services), Microsec Capital Ltd, on his stock recommendations.

ET Now: What is the call on Tata Power?

Siddharth Sedani: Returns from this stock would be slow and steady. This industry is quite a capital intensive industry. On top of it, companies also bid for few of the UMPPs which the government is going to announce.

In terms of expansion plans, stock looks quite god, quite attractive but the returns would be very reasonable comparative to other sectors. Though the sector is playing quite a good part in terms of the growth story which we are talking about, infrastructure and power are the main pillars of the growth story of India but if you invest in this stock, expect a return very reasonable rather than quite a sharp shoot up.