Power Stocks Surge: RattanIndia And Torrent Power Lead Gains
The Ministry of Power says India is geared to meet 270-gigawatt peak power demand this year.
(Representative image. Photo source: Unsplash)
Shares of RattanIndia Power Ltd. and Torrent Power Ltd. surged on the exchanges in the final hour of trade on Tuesday.
Both RattanIndia and Torrent Power gained momentum to trade 19.93% and 3.08% higher respectively.
Other power companies, such as Power Grid Corp., Tata Power Co. and NTPC Ltd., also experienced gains in Tuesday's trading session.
The Ministry of Power said on Tuesday that India is geared to meet 270-gigawatt peak power demand this year, reported Bloomberg.
Shares of RattanIndia Power and Torrent Power closed 19.93% and 3.16% higher at Rs 14.32 and Rs 1,451.6 apiece on the National Stock Exchange, compared to benchmark Nifty that ended flat.
Similarly, shares of Power Grid, Tata Power and NTPC advanced 0.18%, 1.72% and 0.62% to Rs 301.05, Rs 413.2 and Rs 339.2 apiece respectively on the NSE, compared to benchmark Nifty that ended flat
