Reasons Behind the Power Stocks Rise

 In recent times, the stock of power and energy companies across the country has witnessed an uptrend. For example, the BSE Energy Index has touched an all-time high this year (52-week high), 8013.16 points for the first time ever. It continues to move upwards despite the prevailing volatility in the market. The march was headed by hardwearing Reliance Industries which went up almost 1%, followed by Coal India, OIL, GMDC, and IOC that witnessed an increase of nearly 5% in the last week of September. Though this kind of upsurge is usually seen before the commencement of the winter season due to an increase in power demand but what’s reasons behind the Power Stocks rise at this point in time. Get to know it right here in this post.

Reasons behind the rise in the stock prices

The upsurge in commodities such as coal and the associated stocks like Coal India, Tata Power, and NTPC is due to an increase in demand and a reduction in supply. Let’s get to know more about reasons behind the Power Stocks rise below:

Do you want to know why the power stocks in India are seeing an uptrend? If yes, get to know reasons behind the Power Stocks rise right here. According to the best broker for trading in India, it is important to note that these stocks may surge or decline depending on the particular company’s pros/cons as well.

 

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