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According to data from Ace Equity, the BSE Power Index has gained around 32% in 2022 so far, underperforming the BSE Sensex by 8%. The performance of the electricity sector is the best in the sector every year.
Energy transformation is real, irreversible and impulse. Meanwhile, India’s energy demand is on a sustainable growth path with balanced production Mixed between security and stability.
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“Significant uncertainties arise from the geopolitical situation, societal expectations regarding climate change action, and supply chains,” the report added.
Among the practices that contain the power of these shares,
Got the first place in the table with a return of 220%. The stock rose to Rs 319.40 on December 14, 2022 from a closing price of Rs 99.75 on December 31, 2021.
It is followed by its group companies, belonging to Gautam Adani’s group of companies –
and – which increased by 54% and 52% per year, according to the data.
In a report from Securities, released in September, it has a buy rating on Adani Green Energy with a target price of Rs 3,581 through September 2024 and a rating on Adani Transmission with a target price of Rs 4,172 through March 2024.
State-owned power giants NTPC and NHPC were also the best energy performers, having grown by over 38% and 36%, respectively, during the period under review.
There is an ‘add’ rating on NHPC with a target price of Rs 50, while there is a ‘hold’ tag on NPTC with a target price of Rs 187.
Among other actors,
And Siemens also made it into the list. While the former has increased about 35% in 2022 to date, the latter is up 28% for the same period.
HDFC Securities maintained a ‘reduce’ rating on ABB India with a target price of Rs 2,579 while Prabhudas Lilladher recommended accumulation on Siemens with a target price of Rs 3,290.
However, not all stocks from the sector will reward investors with solid returns. The list hosts some that didn’t perform as well, with a few names delivering negative returns to investors.
State
And the Tata Group grew by only 7-8% for the year. (2% down) and (6% down) are the other major laggards.
ICICI Securities has accumulated scores on
With a target price of Rs 242. On the other hand, Prabhudas Lilladher has a buy call with a target price of Rs 244.
Within this space, the broker has initiated coverage on seven stocks with buy ratings on NTPC, Power Grid and CESC. It is recommended to hold Tata Power, Torrent Power and
. For JSW Energy, JM Financial has a sell sign.
(Disclaimer: Advice, recommendations, opinions and opinions of experts are my own. These do not reflect the opinion of Economic Times)
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