Power consumption is strongly linked to economic activity. The consumption data through Q3 suggests that economic activity continued to recover in that quarter but at a slower-than-expected pace. On the other hand, supply chain issues seem to be easing and despite the Omicron wave, there’s been speculative investment in various power sector stocks in the last month.
Since mid-December, select stocks across the power sector have outperformed the Nifty50. This is even though power consumption in Q3 had been only 2.5-3 per cent higher year-on-year (YoY) than the corresponding quarter of 2020-21. Generation growth is likely to continue to
Since mid-December, select stocks across the power sector have outperformed the Nifty50. This is even though power consumption in Q3 had been only 2.5-3 per cent higher year-on-year (YoY) than the corresponding quarter of 2020-21. Generation growth is likely to continue to