Indian Utilities Top Stock Picks from Analysts

VA Tech Wabag

Market Cap: ₹75.3b

Engages in the design, supply, installation, construction, operation, and maintenance of drinking water, waste and industrial water treatment, and desalination plants in India and internationally.

Gujarat Industries Power

Market Cap: ₹20.0b

Engages in the generation, transmission, and distribution of electricity to power purchasing companies in India.

Bajel Projects

Market Cap: ₹18.1b

Engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally.

IRM Energy

Market Cap: ₹7.5b

A city gas distribution company, engages in the laying, building, operating, and expanding of city and local natural gas distribution networks in India.