The power is surging in the Adani pack led by Adani Power. The stock is up 150% in just this year adding 40% in just the last 5 sessions. So what is really powering up these bets?
Traders are betting that power demand will start to pick up strongly now that the most states are easing norms on lockdowns. Reports also indicate that discom collections are expected to increase. Gautam Adani backed Adani Power also reported a 100% jump in net profit in the Jan-March quarter.