Shares of state-run power companies have been on a roll off late on the back of rising electricity consumption in the country owing to early onset of summer coupled with heat waves.
In the last five trading sessions, NTPC has soared 17 per cent. The stock hit a record high of Rs 158 on Thrusday, and was up 2.6 per cent at Rs 157 on volume of around 90 lakh shares on the NSE as of 10.21 AM, while the NSE Nifty was down 0.5 per cent at 17,711.
Similarly, PowerGrid Corporation registered a fresh summit at Rs 239.80, and