Investment on Power Sector in Summer Season is Good or Not?
Investment on Power Sector in Summer Season is Good or Not? India power generation including renewable resources is 1381.82(bu) in 2020-2021 and 1389.10(bu) in 2019-2020 respectively. Current year till January-2022 is 1234.29(BU) up by 8.48% from past year. Current year Peak demand is 2,03,014 (MW) , demand met is 2,00,539 (MW) and deficit is -2,475 (-1.2%) . Power Consumption grows every year from March to August. Now its best opportunity to buy power stocks. - Figure showing Power Consumption in India month on month As Power consumption is growing rapidly in India and a paradigm shifting in EV sector, we may see significant rise in stocks which are somewhere associated with Power Sector in India. Analyses of some of these companies and there performance over the year is provided below:- - IEX has given 124% return over the year. - Tata Power has given 157% return over the year. -