Positive on NTPC parent, not so sure about listing renewable business separately: Nikhil Nigania

Bernstein remains optimistic about NTPC as the parent entity, despite not recommending a separate listing for NTPC Renewables. They believe the Indian solar PV manufacturing industry is in a favorable position, benefiting from the US and India's reluctance to rely on Chinese imports. However, they foresee a potential supply glut in the medium to long term.