India’s fast-growing economy gives energy investors various choices for trading online. In fact, India has the third-largest oil reserves and enough coal to last over 100 years, making energy stocks a lucrative option.
Due to the country’s rapid development and diverse industries, investing is challenging, yet there are numerous benefits.
Investors have the potential to benefit from the country’s expanding infrastructure and energy needs, as well as help improve environmental issues while generating profits.
India’s energy industry has development potential, with 6% GDP growth predicted over the next several years. Check out these 5 most searched auto stocks in India to rev up your portfolio!
1 Adani Power
Adani Power is looking to capitalize on the opportunity presented by India’s ambitious goal of achieving 25 GW of renewable energy by 2025. It has already invested funds into projects that use solar and wind energy, and it wants to grow even more in the green energy field.
- Adani Power Share Price as of April 2023: ₹210+
- Market Cap: ₹814.21 trillion
2 Tata Power
Recently, the stock has been on a downward trajectory, with losses for its shareholders. Over the past year, Tata Power has delivered a negative return of more than 21.5%. This may be a good time for investors to enter the counter for the long term.
- Tata Power Share Price as of April 2023: ₹195+
- Market Cap: ₹63,156 Cr
3 JP Power
Indian infrastructure corporation Jaypee Group operates in civil engineering and construction, cement, electricity, real estate, expressways, hotels, fertilizer, health care, sports, and education (non-profit).
- JP Power Share Price as of April 2023: ₹5+
- Market Cap: ₹39.41 Billion
4 Reliance Power
Reliance Power operates in nine states across India, utilizing coal, gas, solar, geothermal, biomass, hydel, and wind energies.
To promote green energy use, Reliance Power offers generators renewable energy credits (RECs). Reliance Power is prepared to lead India’s energy market with its extensive network and advanced technology.
- Reliance Power Share Price as of April 2023: ₹10+
- Market Cap: ₹44.52 Billion
5Â Powergrid
Powergrid operates a transmission and Distribution System comprising over 16,000 km of lines that connects to the entire Indian electricity grid.
PGCIL has a captive consumer base of over 20 million customers nationwide. This makes it a major player in the Indian energy market.
- Powergrid Share Price as of April 2023: ₹230+
- Market Cap: ₹1.66 trillion
Conclusion
The energy sector in India is gaining significant attention from investors, as evidenced by the top 5 most searched energy sector stocks.
With rising energy consumption and government efforts to encourage renewable energy, the energy industry is predicted to drive India’s economic growth.
However, like with any investment decision, comprehensive study and competent financial guidance are essential.
