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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

₹ 799.55

6.50 (0.82%)

Volume

9,09,667

Market Cap

₹95,280 Cr

52W Low

₹588.00

52W High

₹1,231.95

LTP

₹ 989.8

17.20 (1.77%)

Volume

12,80,378

Market Cap

₹1,57,830 Cr

52W Low

₹758.00

52W High

₹2,091.00

LTP

₹ 584

17.00 (3.00%)

Volume

27,35,010

Market Cap

₹2,18,592 Cr

52W Low

₹432.00

52W High

₹719.20

LTP

₹ 752.05

30.00 (4.15%)

Volume

71,679

Market Cap

₹2,711 Cr

52W Low

₹573.00

52W High

₹1,129.10

LTP

₹ 92.42

0.18 (0.20%)

Volume

51,238

Market Cap

₹296 Cr

52W Low

₹65.00

52W High

₹118.00

LTP

₹ 163.8

-1.73 (-1.05%)

Volume

24,79,637

Market Cap

₹21,958 Cr

52W Low

₹119.00

52W High

₹212.49

LTP

₹ 20.72

-0.21 (-1.00%)

Volume

39,038

Market Cap

₹99 Cr

52W Low

₹16.40

52W High

₹37.90

LTP

₹ 117.95

2.95 (2.57%)

Volume

992

Market Cap

₹47 Cr

52W Low

₹101.00

52W High

₹197.50

LTP

₹ 197.04

1.58 (0.81%)

Volume

1,63,636

Market Cap

₹3,031 Cr

52W Low

₹148.10

52W High

₹268.50

LTP

₹ 65.32

-1.00 (-1.51%)

Volume

1,271

Market Cap

₹42 Cr

52W Low

₹56.00

52W High

₹94.99

LTP

₹ 14.25

0.01 (0.07%)

Volume

29,917

Market Cap

₹20 Cr

52W Low

₹9.80

52W High

₹17.73

LTP

₹ 12.57

-0.19 (-1.49%)

Volume

1,08,363

Market Cap

₹1,243 Cr

52W Low

₹10.52

52W High

₹23.68

LTP

₹ 17.79

-0.21 (-1.17%)

Volume

1,02,569

Market Cap

₹233 Cr

52W Low

₹14.16

52W High

₹31.38

LTP

₹ 10,293

0.00 (0.00%)

Volume

32,562

Market Cap

₹12,411 Cr

52W Low

₹7,650.00

52W High

₹13,900.00

LTP

₹ 19.45

-0.69 (-3.43%)

Volume

5,27,23,883

Market Cap

₹13,803 Cr

52W Low

₹12.36

52W High

₹27.70

LTP

₹ 537.8

26.15 (5.11%)

Volume

90,51,112

Market Cap

₹89,398 Cr

52W Low

₹418.75

52W High

₹804.90

LTP

₹ 56.09

-2.96 (-5.01%)

Volume

4,600

Market Cap

₹69 Cr

52W Low

₹44.91

52W High

₹93.90

LTP

₹ 539.5

15.70 (3.00%)

Volume

9,03,699

Market Cap

₹10,323 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

₹ 699.75

-10.45 (-1.47%)

Volume

4,065

Market Cap

₹930 Cr

52W Low

₹500.00

52W High

₹762.00

LTP

₹ 83.49

0.25 (0.30%)

Volume

55,51,838

Market Cap

₹83,514 Cr

52W Low

₹71.00

52W High

₹101.60

LTP

₹ 244.74

10.80 (4.62%)

Volume

18,43,816

Market Cap

₹32,447 Cr

52W Low

₹186.03

52W High

₹296.80

LTP

₹ 105.09

0.56 (0.54%)

Volume

26,02,354

Market Cap

₹88,097 Cr

52W Low

₹84.55

52W High

₹155.35

LTP

₹ 332

1.10 (0.33%)

Volume

81,93,399

Market Cap

₹3,20,814 Cr

52W Low

₹292.80

52W High

₹448.45

LTP

₹ 13.69

-0.06 (-0.44%)

Volume

21,55,919

Market Cap

₹1,613 Cr

52W Low

₹10.96

52W High

₹23.43

LTP

₹ 287.95

-3.30 (-1.13%)

Volume

1,03,97,121

Market Cap

₹2,70,834 Cr

52W Low

₹247.30

52W High

₹366.25

LTP

₹ 174.11

-6.44 (-3.57%)

Volume

16,07,060

Market Cap

₹5,341 Cr

52W Low

₹127.69

52W High

₹246.85

LTP

₹ 12.7

-0.12 (-0.94%)

Volume

3,86,87,954

Market Cap

₹6,879 Cr

52W Low

₹8.44

52W High

₹17.80

LTP

₹ 47.58

-2.51 (-5.01%)

Volume

43,19,153

Market Cap

₹20,766 Cr

52W Low

₹29.21

52W High

₹76.49

LTP

₹ 2.05

0.09 (4.59%)

Volume

53,580

Market Cap

₹9 Cr

52W Low

₹0.72

52W High

₹2.54

LTP

₹ 3,233.6

64.80 (2.04%)

Volume

8,60,987

Market Cap

₹1,12,812 Cr

52W Low

₹2,508.80

52W High

₹3,277.10

LTP

₹ 93.09

0.74 (0.80%)

Volume

28,19,243

Market Cap

₹36,331 Cr

52W Low

₹80.54

52W High

₹148.84

LTP

₹ 32.58

-0.42 (-1.27%)

Volume

4,562

Market Cap

₹67 Cr

52W Low

₹20.30

52W High

₹44.30

LTP

₹ 11.9

-0.24 (-1.98%)

Volume

1,270

Market Cap

₹11 Cr

52W Low

₹5.61

52W High

₹21.70

LTP

₹ 2.56

0.12 (4.92%)

Volume

6,398

Market Cap

₹4 Cr

52W Low

₹0.00

52W High

₹2.56

LTP

₹ 18.76

0.10 (0.54%)

Volume

7,16,237

Market Cap

₹254 Cr

52W Low

₹16.30

52W High

₹26.43

LTP

₹ 0.59

-0.03 (-4.84%)

Volume

49,310

Market Cap

₹9 Cr

52W Low

₹0.00

52W High

₹0.62

LTP

₹ 387.1

-2.20 (-0.57%)

Volume

1,32,51,686

Market Cap

₹1,24,395 Cr

52W Low

₹326.35

52W High

₹494.85

LTP

₹ 1,310

21.80 (1.69%)

Volume

2,44,542

Market Cap

₹65,162 Cr

52W Low

₹1,207.25

52W High

₹2,037.00

LTP

₹ 308.4

14.65 (4.99%)

Volume

858

Market Cap

₹3,351 Cr

52W Low

₹159.19

52W High

₹422.05

LTP

₹ 1.03

0.04 (4.04%)

Volume

91,438

Market Cap

₹35 Cr

52W Low

₹0.00

52W High

₹1.03

LTP

₹ 67.91

-2.13 (-3.04%)

Volume

12,000

Market Cap

₹93 Cr

52W Low

₹62.50

52W High

₹192.75

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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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