New Delhi, Sept. 15 -- There has been a surge in enthusiasm around data centre companies, with the high-growth investment sector captivating markets worldwide. However, veteran stock market investor Shankar Sharma cautions that this excitement may be more of a "hope trade" and may be lacking the right economics.

In a recent post on social media platform X, Shankar Sharma drew a parallel between data centres and the telecom tower industry, saying that "it broadly resembles that Telecom Tower business in which the tower company invests massively in Capex and then leases out the capacity to various telecom companies."

He added that while the data centres serve a wider customer base, the core business model remains capital-intensive and lea...