Power sector stocks have come into focus after demand for electricity has surged during the summers. With rising temperature across the country since mid-March, demand for power has suddenly increased, raising the demand-supply gap.
Amid rising power demand, stocks of power producers have become attractive on hopes that their revenues will rise since discoms will have to shell out more to meet the growing demand in summers. Of late, shares of two power sector producers Adani Power and Tata Power have been in news amid the rising power crisis. The two power producing firms belong to the Adani Group and the Tata Group, respectively.