transformers
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If Everybody Has a Moat, Nobody Does!
“Moat” is probably one of the most overused words in investing today. Every equity report has one: brand moat, distribution moat, technology moat, data moat, ecosystem moat, relationship moat, behavioural moat, runtime moat, access moat, regulatory moat – and increasingly, moats that seem to be invented specifically for the company being analysed. A moat is… Continue reading
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Fully Charged. Fully Priced?
In the last few years, India has significantly ramped up Capex in the power sector, be it solar, grid connectivity, transmission and distribution infra, and more. Total power generation capacity more than doubled from 248 GW in 2014 to 520 GW today. Within this, solar has jumped from 2.8 GW to 110 GW. The transmission… Continue reading