“Khemani is bullish on conventional power enablers, preferring them over renewable energy stocks due to high competitive intensity in the latter. He anticipates strong demand for conventional power, driven by industrial growth, rising consumption, and the global data center and AI boom. Carnelian holds BHEL and Kalpataru Power in this theme.”

Vikas Khemani’s track record: 5 graded calls · 95% CI 38–96%