Power Stocks Rise With Temperature. Is The Momentum Here To Stay?

Power stocks surge with an expectation of high demand during summer.

In the past few weeks, power stocks have gained momentum. The BSE Power index reached an all-time high this week and is up 21.5% in the past month.

The reasons are obvious…

Most states have relaxed Covid related restrictions and businesses are operating at full capacity. 

Also, the summer season has kicked in and many parts of the country have been experiencing heatwaves. Thus, drawing up domestic power consumption.