Ambit Capital Recommends Selling Siemens, CG Power; Buying ABB

Imagine a company that helps build the power grid, which is very important because it sends electricity to our homes and businesses.

A financial expert named Ambit Capital is saying that some of the companies that build these grids might not be as valuable in the future.

They suggest that some companies might have done well recently, but their good times might be ending soon because the grid won't need as many new upgrades.

Ambit thinks one company, ABB India, will do well.

For others like Siemens and CG Power, they think it is not a good idea to invest.

They believe things like battery energy storage systems will impact growth.