look news india
The heat in the country is setting new records. As the temperature rises, the prices of power sector stocks also rise. Therefore, power stocks have now become the first choice for investors in the stock market. India and especially North India are sweltering with heat. It is very hot. As a result, India's power demand has reached the highest level of this season. On May 18, the country's maximum power demand reached the level of about 230 gigawatts (GW). On May 6 last year, this demand was 223 GW. That is, this year the power demand has broken last year's record. As a result, the performance of power segment stocks has been recorded so far in the calendar year 2024. Power sector stocks on the BSE Sensex jumped 18 per cent to 52 per cent, while other stocks rose 4.4 per cent.
Amid rising power demand in the country, power sector stocks Tata Power and NTPC hit record highs on May 3. The price per share of the two companies has currently reached Rs 464.3 and Rs 380.4 respectively. Similarly, Power Grid Corporation of India's stock hit a new record high of Rs 328.35 on May 22. While JSW shares hit an all-time high of Rs 651.5 on May 22.
