Power Stocks Too Expensive? Ashish Chaturmohta Explains Wire And T&D Stocks

Several market leaders have delivered exceptional returns, raising questions about whether valuations have become stretched. Stocks linked to power transmission, electrification and infrastructure themes have seen significant re-rating amid expectations of long-term capital expenditure growth. Ashish Chaturmohta, Managing Director, PMS - JM Financial, explains why valuation concerns need to be balanced against earnings visibility, strong order books and multi-year growth opportunities. He highlights how global and domestic investment cycles continue to support revenue and profit growth for select companies despite elevated valuations. Chaturmohta also discusses the importance of combining fundamental analysis with quantitative signals, risk management and profit-booking strategies while staying invested in long-term structural themes that continue to show strong momentum.