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Power Generation & Distribution Stocks

The power generation and distribution sector in India is highly diversified, encompassing a range of energy sources from traditional coal and nuclear to renewables like solar and wind. As of 2023, India stands as the third-largest global electricity producer and consumer, with significant growth driven by population increase and energy demand. Future investments, particularly in renewable energy, are supported by substantial government funding to meet ambitious energy targets. For investors, it's crucial to consider factors like global energy trends, environmental impacts, and regulatory frameworks. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 878.05

8.30 (0.95%)

Volume

5,08,775

Market Cap

₹1,04,415 Cr

52W Low

₹588.00

52W High

₹1,348.00

LTP

₹ 997.7

13.75 (1.40%)

Volume

11,04,857

Market Cap

₹1,55,877 Cr

52W Low

₹758.00

52W High

₹2,174.10

LTP

₹ 557.95

1.75 (0.31%)

Volume

10,08,553

Market Cap

₹2,14,427 Cr

52W Low

₹432.00

52W High

₹895.85

LTP

₹ 750.1

2.00 (0.27%)

Volume

29,140

Market Cap

₹2,817 Cr

52W Low

₹573.00

52W High

₹1,129.10

LTP

₹ 80.32

3.62 (4.72%)

Volume

1,16,578

Market Cap

₹246 Cr

52W Low

₹65.00

52W High

₹128.89

LTP

₹ 174.66

0.50 (0.29%)

Volume

39,97,181

Market Cap

₹23,085 Cr

52W Low

₹119.00

52W High

₹212.49

LTP

₹ 19.4

0.19 (0.99%)

Volume

5,994

Market Cap

₹92 Cr

52W Low

₹16.40

52W High

₹37.90

LTP

₹ 123.55

-1.50 (-1.20%)

Volume

788

Market Cap

₹51 Cr

52W Low

₹101.00

52W High

₹202.00

LTP

₹ 194.49

0.88 (0.45%)

Volume

1,08,482

Market Cap

₹3,008 Cr

52W Low

₹148.10

52W High

₹269.90

LTP

₹ 71.95

0.96 (1.35%)

Volume

2,566

Market Cap

₹45 Cr

52W Low

₹54.25

52W High

₹94.99

LTP

₹ 12.15

-0.02 (-0.16%)

Volume

5,694

Market Cap

₹17 Cr

52W Low

₹9.80

52W High

₹19.09

LTP

₹ 13.43

0.11 (0.83%)

Volume

1,17,255

Market Cap

₹1,297 Cr

52W Low

₹10.52

52W High

₹23.85

LTP

₹ 20.19

-0.09 (-0.44%)

Volume

1,15,224

Market Cap

₹263 Cr

52W Low

₹14.16

52W High

₹32.66

LTP

₹ 10,919

64.00 (0.59%)

Volume

12,461

Market Cap

₹13,060 Cr

52W Low

₹6,601.00

52W High

₹13,900.00

LTP

₹ 14.93

0.14 (0.95%)

Volume

98,51,431

Market Cap

₹10,150 Cr

52W Low

₹12.36

52W High

₹23.77

LTP

₹ 510.25

5.55 (1.10%)

Volume

8,83,209

Market Cap

₹88,140 Cr

52W Low

₹418.75

52W High

₹804.90

LTP

₹ 64

1.93 (3.11%)

Volume

5,306

Market Cap

₹73 Cr

52W Low

₹44.91

52W High

₹101.53

LTP

₹ 472

-11.25 (-2.33%)

Volume

7,70,614

Market Cap

₹9,485 Cr

52W Low

₹313.40

52W High

₹745.34

LTP

₹ 0.55

0.00 (0.00%)

Volume

8,43,039

Market Cap

₹24 Cr

52W Low

₹0.00

52W High

₹0.60

LTP

₹ 570

7.35 (1.31%)

Volume

49

Market Cap

₹737 Cr

52W Low

₹405.00

52W High

₹674.00

LTP

₹ 87.1

0.49 (0.57%)

Volume

1,89,76,672

Market Cap

₹86,990 Cr

52W Low

₹71.00

52W High

₹118.40

LTP

₹ 240.07

-0.49 (-0.20%)

Volume

15,52,463

Market Cap

₹33,362 Cr

52W Low

₹186.03

52W High

₹311.80

LTP

₹ 102.92

-0.22 (-0.21%)

Volume

25,30,002

Market Cap

₹86,791 Cr

52W Low

₹84.55

52W High

₹155.35

LTP

₹ 346.25

3.65 (1.07%)

Volume

13,11,593

Market Cap

₹3,32,062 Cr

52W Low

₹292.80

52W High

₹448.45

LTP

₹ 13.08

-0.11 (-0.83%)

Volume

18,90,416

Market Cap

₹1,544 Cr

52W Low

₹10.96

52W High

₹23.43

LTP

₹ 301

3.10 (1.04%)

Volume

24,03,602

Market Cap

₹2,77,158 Cr

52W Low

₹247.30

52W High

₹366.25

LTP

₹ 217.71

3.13 (1.46%)

Volume

12,934

Market Cap

₹2,935 Cr

52W Low

₹155.04

52W High

₹240.00

LTP

₹ 10.75

-0.08 (-0.74%)

Volume

62,34,514

Market Cap

₹5,821 Cr

52W Low

₹8.44

52W High

₹21.10

LTP

₹ 45.2

0.47 (1.05%)

Volume

1,81,97,873

Market Cap

₹17,968 Cr

52W Low

₹23.30

52W High

₹53.64

LTP

₹ 2.42

-0.12 (-4.72%)

Volume

2,85,376

Market Cap

₹11 Cr

52W Low

₹0.72

52W High

₹2.54

LTP

₹ 100.95

-0.60 (-0.59%)

Volume

45,92,680

Market Cap

₹39,919 Cr

52W Low

₹80.54

52W High

₹159.65

LTP

₹ 24.36

-0.94 (-3.72%)

Volume

1,254

Market Cap

₹51 Cr

52W Low

₹20.30

52W High

₹48.90

LTP

₹ 14.57

0.28 (1.96%)

Volume

656

Market Cap

₹13 Cr

52W Low

₹5.61

52W High

₹27.57

LTP

₹ 2.56

0.12 (4.92%)

Volume

6,398

Market Cap

₹4 Cr

52W Low

₹0.00

52W High

₹2.56

LTP

₹ 21.32

-0.17 (-0.79%)

Volume

1,95,766

Market Cap

₹293 Cr

52W Low

₹16.30

52W High

₹29.60

LTP

₹ 0.59

-0.03 (-4.84%)

Volume

49,310

Market Cap

₹9 Cr

52W Low

₹0.00

52W High

₹0.62

LTP

₹ 401.45

2.50 (0.63%)

Volume

15,24,312

Market Cap

₹1,27,478 Cr

52W Low

₹326.35

52W High

₹494.85

LTP

₹ 1,413

22.60 (1.63%)

Volume

3,18,157

Market Cap

₹70,096 Cr

52W Low

₹1,207.25

52W High

₹2,037.00

LTP

₹ 443.1

0.00 (0.00%)

Volume

230

Market Cap

₹4,758 Cr

52W Low

₹35.04

52W High

₹709.05

LTP

₹ 1.03

0.04 (4.04%)

Volume

91,438

Market Cap

₹35 Cr

52W Low

₹0.91

52W High

₹1.03

LTP

₹ 85.25

-1.73 (-1.99%)

Volume

11,200

Market Cap

₹113 Cr

52W Low

₹62.50

52W High

₹222.85

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About the Power Generation and Distribution Sector

The power sector in India is one of the most diversified in the world. The sources of power generation range from traditional sources like coal, natural gas, lignite, hydro, oil and nuclear power to feasible non-conventional sources like solar, wind, and domestic and agricultural waste. The power demand in the country is increasing hugely and is anticipated to increase more in the future.

As of 2021, India was ranked fourth in solar power capacity, wind power capacity and renewable power installed capacity. As of July 31, 2023, India, with an installed power capacity of 423.35 GW, is the third-largest producer and consumer of electricity globally.

Future Outlook of the Power Generation and Distribution Sector in India

The increase in population, electrification and per-capita usage will raise power usage in India. In the Union Budget 2023-24, the government of India allocated $885 million for the solar power sector, which includes off-grid, grid, and PM-KUSUM projects. To meet the country’s 500 GW renewable energy target and tackle the annual issue of coal demand-supply mismatch, the Ministry of Power has identified 81 thermal units. This will replace coal with renewable energy generation by 2026.

Things To Consider Before Investing in the Power Generation and Distribution Sector

  • Global market trends: Monitor global economic trends and energy market dynamics. Understand how factors like economic growth, energy efficiency, and global energy transition initiatives may impact the power sector.
  • Environmental impact: Assess the environmental impact of power generation methods of both conventional and non-conventional methods. Increasing focus on sustainability and environmental regulations can influence the long-term viability of power projects.
  • Market demand: Analyse current and future demand for electricity, regional supply dynamics, and potential growth areas. Understand the balance between conventional and renewable energy sources.
  • Regulatory compliance: Assess the regulatory landscape, policies, and government initiatives influencing the power sector. Stay informed about tariff structures, subsidies, and regulatory changes.

How To Invest in Power Stocks?

Investing in power stocks via Angel One is easy. Simply follow these steps:

  • Log in to your Angel One account.
  • Click on the search icon and look for your desired power stock.
  • Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  • To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are power sector stocks?

Power sector stocks are stocks of companies that are involved in the production and distribution of electricity. These companies generate power from various sources, such as fossil fuels, renewable, nuclear and hydroelectric energy.

What are the top stocks from the power sector in terms of market cap?

Based on the market cap, NTPC Ltd, Power Grid Corporation of India Ltd, Adani Power Ltd and Tata Power Company Ltd are the top power stocks in India. The data is as of February 1, 2024.

How do you evaluate power sector stocks?

While analysing the power stocks, you must check key factors like regulatory dynamics, infrastructure investment, the energy transition landscape and the financial health of the company.

Why should you invest in power stocks?

The increase in population is expected to drive the demand for electricity in the country. This can create opportunities for companies and investors. However, consider your investment objectives and risk appetite before investing.

Which are the best power stocks to invest in?

Adani Power Ltd is the best power stock in India. As of February 1, 2024, the company’s 5-year CAGR is 65.37%.

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