Shares of power generation and distribution companies have rewarded investors handsomely over the past two months with returns of Reliance Infrastructure, JSW Energy, Adani Power, Power Grid Corporation, NTPC, Tata Power, and Torrent Power ranging between 8 per cent and over 90 per cent. In comparison, the frontline Sensex index has advanced around 6 per cent while the BSE Power Index added 17 per cent during the period, ACE Equity data show.
On Tuesday, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011, in intra-day trade. Among individual stocks, Adani Power hit a record high of Rs 151, soaring 19 per cent in intra-day trade on Tuesday,
