Stock market update: Power stocks up as market rises

Jun 12, 2024

NEW DELHI: Power stocks were trading higher on Wednesday at 10:55AM

Indowind Energy Ltd.(up 9.99%), Reliance Power Ltd.(up 9.42%), Jaiprakash Power Ventures Ltd.(up 5.00%), Transformers & Rectifiers(India)Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), Power and Instrumentation(Gujarat)Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.99%), Orient Green Power Company Ltd.(up 4.97%), PTC India Ltd.(up 3.62%) and Suzlon Energy Ltd.(up 3.07%) were among the top gainers.

Karma Energy Ltd.(down 3.55%), Voltamp Transformers Ltd.(down 0.76%), Indo Tech Transformers Ltd.(down 0.64%), Adani Power Ltd.(down 0.42%) and Inox Wind Ltd.(down 0.04%) were among the top losers.

The NSE Nifty50 index was trading 164.36 points up at 23429.2, while the 30-share BSE Sensex was up 549.56 points at 77006.15 at around 10:55AM.

Coal India Ltd.(up 2.53%), Bharat Petroleum Corporation Ltd.(up 1.71%), Power Grid Corporation of India Ltd.(up 1.54%), HCL Technologies Ltd.(up 1.42%), Shriram Finance Ltd.(up 1.4%), HDFC Bank Ltd.(up 1.32%), Tech Mahindra Ltd.(up 1.32%), Oil And Natural Gas Corporation Ltd.(up 1.25%), LTIMindtree Ltd.(up 1.17%) and Tata Motors Ltd.(up 1.13%) were among the top gainers in the Nifty pack.

On the other hand, Britannia Industries Ltd.(down 1.15%), Titan Company Ltd.(down 0.8%), Asian Paints Ltd.(down 0.74%), Hindustan Unilever Ltd.(down 0.71%), Divi’s Laboratories Ltd.(down 0.28%), Tata Consumer Products Ltd.(down 0.26%), Mahindra & Mahindra Ltd.(down 0.14%), ITC Ltd.(down 0.1%), Maruti Suzuki India Ltd.(down 0.06%) and Dr. Reddy’s Laboratories Ltd.(down 0.05%) were trading in the red.

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