Bullish Sentiment in Power Sector Stocks as Exit Polls Predict NDA Victory

Shares of companies in the power sector surged to new highs as exit polls indicated a potential victory for the BJP-led NDA in the upcoming elections, boosting investor confidence.

The market rally was fueled by positive forecasts for the power sector under a potential third term for Prime Minister Narendra Modi, with exit polls predicting between 350-390 seats for the NDA.

Among the standout performers were companies like Adani Power, Adani Ports, Adani Enterprises, Adani Green, and Ambuja Cements, all hitting 52-week highs in today’s trading session.

Stocks like NTPC, Power Grid Corporation, and CG Power and Industrial Solutions also reached record levels, reflecting the overall bullish sentiment in the sector.

The Ministry of Power reported record power demand in India, with both thermal and solar capacities reaching all-time highs, highlighting the need for further infrastructure development.

India’s heavy reliance on coal-based power generation, with over 425 GW capacity, underscores the importance of the power sector in meeting the nation’s growing energy needs.

Government initiatives to diversify the energy mix and promote renewable energy, such as setting ambitious targets for renewable energy capacity by 2030, are driving the sector towards a sustainable and greener future.