Tata Power, Adani Power, and other stocks jump up to 3% as rising temperatures lift power demand hopes
Power stocks rallied as rising temperatures boosted expectations of higher electricity demand across India. After a weather-led slowdown in March, demand is likely to pick up with pre-monsoon heat and potential El Niño conditions. Analysts expect increased coal-based generation, supporting select power companies amid an improving sector outlook.
Power stocks rallied as rising temperatures boosted expectations of higher electricity demand across India. After a weather-led slowdown in March, demand is likely to pick up with pre-monsoon heat and potential El Niño conditions. Analysts expect increased coal-based generation, supporting select power companies amid an improving sector outlook.
