AI Powerplay! Proxy power stocks give up to 100% returns in India's hottest trade this year
Awaiting price reaction for this filing.
Power and electrical-equipment stocks have rallied sharply as proxy plays on the AI data-centre theme, with Hitachi Energy India doubling investor money year-to-date, Kirloskar Oil Engines up 76%, GE Vernova T&D India gaining 40%, Voltamp Transformers rising 38%, Siemens Energy India up 28% and Cummins India advancing 26%. Analysts say AI and hyperscale data centres require far more reliable electricity than traditional facilities, creating multi-year demand for generation, transmission, transformers, cables, switchgear and grid infrastructure. PSU utilities like NTPC and Power Grid have lagged the rally because regulated returns cap their upside, while equipment makers have attracted stronger interest as order inflows feed more directly into earnings.