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Before the COVID period, power stocks have seen more than a decade of underperformance. Ever since reaching its peak in early 2008, BSE Power Index has been continuously sliding till March 2020 and has seen a fall of around 72 per cent during the period. However, in recent times, renewed interest has been seen in the stocks of thermal power generation companies from investors. BSE Power Index and the stock of Tata Power crossed their peaks in 2008 and have grown about 2 times and 6 times since hitting their COVID lows while NTPC stock surpassed its decade-level high.
Tune in to the podcast to understand the reasons behind the same and more about how thermal power gencos operate.
Read the complete bl.big story here
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