Between 2005 and 2008 a number of new players entered into the power sector, right from established industrial houses, to new companies without any experience in the power sector. Anything to do with power got valuations which were unheard of in that sector. Very soon, there was a u-turn on the street, with power stocks becoming the worst performer. The reason, a large number of these companies got stuck with legal cases, due to coal issues and the captive mine case hit them very badly. After a long gap some of them, including PSU’s, are back on the buying list.