Adani Power

Adani Power and Tata Power are in the race to cross the ₹1 lakh crore market cap | Rare Techy


  • Two of the largest power generation companies are about to cross a major milestone together.
  • Daya Adani and Power Management is about to cross ₹1 lakh crore in market capitalization on the stock exchange followed by a strong rally in the stock.
  • Adani Power shares have risen 126% in 2022 year to date, while Tata Power is up 27% in that period.

India’s two largest power generation companies — Adani Power and Tata Power — are set to cross the milestone of crossing ₹1 lakh crore market capitalization together.

Coincidentally, Adani and Tata Group companies hovered around ₹90,000 crore market capitalization today, April 11.

This is the result of a strong surge in the shares of both companies in the past year. Investors have more than doubled their money in this stock.

Adani Power and Tata Power are in the race to cross the ₹1 lakh crore market cap

The constant rally in the stock is set to push the company’s market capitalization to ₹1 trillion.

Stock power continues to outshine everything that is out there. We see the outperformance of this stock against its own sector, competitors, benchmarks and relative to everything. Because of that, the beauty of investing in different instruments is what we see in electricity stocks. When we build a portfolio, everyone has a strong belief in big names that can add value to the portfolio and can be implemented for the long term blindly. Having said that, it’s outperformance or rather the contribution of Mid and small-cap stocks that add factor X to the performance of a portfolio. Midcap stocks like $ TATAPOWER.NSE $ ADANIPOWER.NSE are examples as one can see.TataPower is up 290+% since its breakout in Dec20 while Adanipower is up 240%. The synchronization of cash flows in such stocks again in 2020 is quite clear. This also reiterates the fact that Old outperformed will give way to a new leader after a decent correction in the market. Chart attached.

— (@Chartistician) April 11, 2022

In recent times, the share price of Adani Power has risen following the Supreme Court order in favor of the company where the court asked several distribution companies running in Rajasthan to pay Adani Power its dues of ₹30.48 billion.

In addition, it is expected that the company will report strong income in high power consumption as lockdowns across the country have eased this year.

Meanwhile, Tata Power has surged exceptionally in the last year because investors are keen on the company’s electric vehicle charging space.

The company’s efforts in the electric vehicle charging segment have attracted the attention of investors. It is building home charging installations in all cities to support Tata Motors’ EV customers.

It is reported that recently the Public Investment Fund of Saudi Arabia (PIF) is looking to buy shares in Tata Power’s green energy, power transmission and distribution business.

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