Multibagger Stock: Torrent Power records 240% surge in 17 months, zooms 525% in 5 years

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Torrent Power, one of the largest companies in the country’s power sector.In the last four sessions, Torrent Power shares gained nearly 10% after the BJP came to power for the third consecutive time, albeit this time as a coalition government for the first time in ten years. Analysts anticipate policy continuity and ongoing infrastructure investments under the potential third term of Prime Minister Narendra Modi.Also Read: BSE Power records 107% surge in a year, 9 stocks including NTPC, Tata Power jump between 100% and 400% – here's why Investors remain optimistic about the government's focus on enhancing the power sector, a cornerstone of its development agenda.

This positive outlook, coupled with the company's strong order wins and improved fundamentals, has driven the stock to new heights in recent months. From a trading price of ₹449 apiece in January 2023, the shares have surged 240% to the current price of ₹1,531 apiece.Over the last five years, the stock has returned over 525%.

In the last decade, it has delivered an astounding 1151% return.Torrent Power is strategically focusing on renewables to increase its generation capacity, aligning with its sustainability commitments and the government's aim to achieve 500 GW of non-fossil fuel capacity by 2030. The company operates across the entire power value chain—generation, transmission, and distribution.This year, Torrent Power secured a notable renewable energy project, receiving a letter of award from its 'Distribution Unit' to set up a 150 MW wind-solar hybrid project with an investment of ₹1,825 crore in March.