Power stocks gain charge as record demand boosts earnings outlook
Awaiting price reaction for this filing.
India's power demand rose 11.6% YoY in May 2026, with peak demand hitting a record ~270 GW, driven by warmer temperatures and a delayed monsoon, setting up a strong Q1FY27 earnings performance for power sector companies. All-India thermal plant load factor improved to 71.5% from 67.7% a year earlier, while IEX traded volumes rose ~19% YoY and real-time market prices climbed 21% to ₹4.2/unit. The BSE Utilities index has gained ~13% from its 30 March low versus 5% for the Sensex, with Adani Green Energy (+84%), Adani Energy Solutions (+59%), and Acme Solar (+28%) leading the rally, while battery energy storage systems are emerging as a key arbitrage opportunity amid growing renewable-driven price volatility.