Business Standard

Investors harness Northern India's sizzle for power stock pursuit

Jolt of optimism: Analysts predict endurance in power stock rally, advocate long-term hold

power demand energy sector electricity
Premium

Representative Picture

Nikita Vashisht New Delhi

Listen to This Article

Two months into summer, India’s power demand has reached its highest level for the season. On May 18, the country’s peak power demand reached nearly 230 gigawatt (Gw), surpassing the previous peak of 223 Gw recorded on May 6.

On the bourses, investors have also been chasing power stocks amid a seething heatwave sweeping across Northern India.

For instance, Tata Power’s stock and NTPC’s stock hit fresh record highs of Rs 464.3 and Rs 380.4 per share, respectively, on May 3.

Likewise, Power Grid Corporation of India’s (PowerGrid’s) stock price hit a new record high of Rs 328.35 on May

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2024 | 9:31 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com