The Indian economy has bounced back strongly from the recession of 2020 due to covid.
With rapid economic growth comes a rapid increase in electricity consumption.
In fact, so sharp was the recovery in power demand, there was a time when coal plants were struggling to keep up. The government's direct intervention was needed to solve that problem.
That apart, government schemes like UDAY (Ujwal DISCOM Assurance Yojana) and revival package for distribution companies acted as a game changer.
These few reforms implemented in the power sector have started to take shape and are giving a makeover to the sector.
And a lot of factors make the future trajectory more promising for top power stocks.
Within the power sector, penny stocks have emerged as intriguing investment options.
Penny stocks are low-priced shares, typically trading below Rs 100 per share or even Rs 50 per share. While they may appear tempting due to their affordable nature, potential investors should exercise caution, as these stocks can be highly volatile and speculative.
Here’s a list of power sector penny stocks in India.
For the entire list, check out the list of power stocks in India on our website.
With the drive towards automation and electrification, the demand for power is expected to grow at a pace not seen before. Power producers will need to borrow to meet this growing demand by expanding capacity.
Goes without saying, investments will only come if the sector remains viable.
However, investors should not go overboard on this megatrend. Do not allocate most of your funds into this space. Ensure sufficient diversification of your portfolios. Also do your due diligence before considering the purchase of any power stock.
While penny stocks in power sector may not promise the stability of blue-chip companies, they offer an entry point into a sector on the cusp of transformation.
Apr 24, 2024
FIIs raise stake in these Adani group companies. Do you own any?
Apr 19, 2024
These companies are riding India's semiconductor boom.
Apr 17, 2024
Lesser known stocks in the semiconductor value chain.
Apr 6, 2024
The Ministry of New and Renewable Energy has reimposed its list of approved solar modules and manufacturers. Here are three stocks that stand to benefit.
Apr 4, 2024
Stocks in the semiconductor value chain
Apr 1, 2024
With Tata Group stocks soaring over Rs 9 trillion in FY24, these Tata Stocks gave a mind-blowing returns of over 85%.
Mar 30, 2024
These 5 stocks made headlines by skyrocketing in the financial year 2023-24. More gains ahead or a possible downturn?
Mar 29, 2024
Looking for largecap stocks for the long term? Check out these five that have BIG potential if Modi returns to power for one more term.
Mar 26, 2024
Power stocks have found favour after a long wait. Here's what lies ahead for them and how you can invest in the best power companies.
Mar 22, 2024
With India's semiconductor sector poised for takeoff, these proxy semiconductor companies are ready to ride the wave.
Apr 23, 2024
Higher Inflation is good for these companies.
Apr 18, 2024
If the BJP comes back to power, which stocks can be expected to do well? Read on...
Apr 12, 2024
What are the top stocks in the Nifty right now? Find out...
Apr 5, 2024
India's wind energy market is experiencing explosive growth, more than doubling in just three years.
Apr 3, 2024
Why you should change your perspective about dividend investing and 3 high dividend yield stocks in the current market.
Mar 31, 2024
Nifty Next 50 is a map to India's future. These 5 dynamic companies outperforming the market are poised for success.
Mar 29, 2024
This IPO offers an opportunity to invest in a powerful telecom player with a proven track record and a strategic vision for the 5G era. Are you ready to dial in?
Mar 26, 2024
Government initiatives aimed at grid upgrades and the incorporation of cutting-edge technology are pivotal factors propelling the power transformer industry.
Mar 24, 2024
Debt-free companies can invest aggressively in R&D to stay ahead of the curve and these are on the top of the list.
Mar 21, 2024
CG Power share price zooms 23% in a month, hits 52-week high. What next?