Adani Power vs Tata Power share price today: Shares of Adani Power have lost 36.81% this year and fallen 19% in a year. On the other hand, Tata Power clocked losses of 23.54 per cent in one year. The power sector stock slipped 5.06 per cent this year.
Adani Power vs Tata Power share price today: Shares of Adani Power delivered multibagger returns to investors over a period of five years. In three years, the stock has gained 500 per cent and clocked an impressive 1136 percent growth during the last five years.
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.