Adani Power, Torrent Power, Tata Power, NTPC jump on hopes of demand growth
NEW DELHI: Shares of power companies Adani Power NSE 17.73 %, Torrent Power NSE 3.49 %, Tata Power NSE 4.10 % and NTPC rose on the Bombay Stock Exchange (BSE) on Monday. While there are no new policies on the anvil in near future, experts said expectations of growth in power demand after several states began unlocking is a plausible reason.
Adani Power stock rose 20%, Torrent Power 7%, CESC 6.3% and Tata Power 5% at close on Monday. Shares of state-run Power Grid Corp increased 4.44%, and BHEL and NTPC by 4% each. ABB stock increased 2% and NHPC 1%.
