These Power sector stocks are very important – Power Grid Corporation, NTPC, National Thermal Power Corporation, Tata Power !!

Before we talk about these stocks, let’s talk about the key highlights of power sector in India:

• Electricity generation in India is more carbon-intensive than the global average, with coal accounting for three quarters of generation in 2023.
• India’s electricity sector has seen a significant shift towards coal due to a shortfall in hydropower generation, driven by lower-than-expected rainfall.
• The Indian national electric grid has an installed capacity of 442.0 GW as of March 2024, with renewable energy plants constituting 43% of the total installed capacity.
• The Ministry of Power is India’s top union government body regulating the electrical energy sector in India. It is responsible for planning, policy formulation, processing of projects for investment decisions, monitoring project implementation, training and manpower development, and the administration and enactment of legislation in regard to power generation, transmission, and distribution.
• The country already has adequate generation and transmission capacity to meet the full consumer demand, both temporally and spatially. However, due to the lack of last-mile link-up between all electricity consumers and a reliable power supply, many consumers depend on diesel generators.
• India is the third largest producer of solar power globally, with an installed capacity of 81.813 GW as of March 2024, and nearly 6.7% of utility electricity generation.

Here is a review of Power Grid Corporation of India Limited’s stock:

• Current Price: Rs 228.55
• Previous Close Price: Rs 226.15
• PE Ratio: 12.19
• EPS (TTM): Rs 18.79
• Market Capital: Rs 1,43,441.82 Crore
• Dividend Yield: 4.13%
• Face Value: Rs 10.00
• Beta: 0.73
• 52 Week High/Low: Rs 248.35 / Rs 179.00

Power Grid Corporation of India Limited is a leading electric utilities company in India, engaged in the transmission of power. The company has a strong track record of consistent performance and has been a dividend-paying stock.

The stock has been relatively stable in recent times, with a slight increase in its price over the past year. The company’s financial performance has also been strong, with a growth in revenue and profit.

The stock’s valuation is relatively attractive.

Here is a review of NTPC (National Thermal Power Corporation) stock:

• Current Price: Rs 174.55
• Previous Close Price: Rs 173.15
• PE Ratio: 14.37
• EPS (TTM): Rs 12.13
• Market Capital: Rs 1,83,441.82 Cr
• Dividend Yield: 3.45%
• Face Value: Rs 10.00
• 52 Week High/Low: Rs 184.95 / Rs 122.10
• Beta: 0.73

NTPC is India’s largest power generation company, with a strong track record of performance and a diversified fuel mix.

The stock has been performing well in recent times, with a significant increase in its price over the past year.

The company’s financial performance has also been strong, with a growth in revenue and profit.

The stock’s valuation is reasonable, with a PE ratio of around 14, which is lower than the industry average.

The dividend yield is also attractive, at around 3.45%.

However, the stock’s performance can be affected by various factors such as regulatory changes, fuel prices, and competition in the power sector.

Overall, NTPC is a strong company with a good track record, and its stock can be a good addition to a long-term portfolio.

Please keep in mind that this is a general summary, and it’s always recommended to do your own research and consult a financial advisor before making any investment decisions.

Here’s a review of Tata Power stock

• Current Price: Rs 433.45
• Previous Close Price: Rs 439.95
• PE Ratio: 37.47
• EPS (TTM): Rs 11.57
• Market Capital: Rs 1,38,502
• Dividend Yield: 0.46%
• Face Value: Rs 1.00
• 52 Week High/Low: Rs 443.45 / Rs 431.9
• Beta: 1.19
• 3 Year Return: 252.95% vs Nifty 100 which gave a return of 52.57%
• Stock Performance: Tata Power Company Share Price moved down by -1.48% from its previous close of Rs 439.95

Disclaimer :- All the facts & the figure presented in the article are taken from internet and all the opinion presented in the article are authors personal opinion and this is not at all an investment suggestion. Before any buying and selling in the stock, please check with your investment advisor.