Seven power stocks to track as Q3 earnings season kicks off

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Subscribe to enjoy similar stories. The quarterly earnings season is in full swing, offering a glimpse into how India Inc. has performed during the October-December 2024 period.

This phase is particularly crucial amid debates about slowing corporate earnings, as it provides a clearer picture of the overall economic health. Among the various sectors, the power sector is expected to emerge as a standout performer in Q3, with industry experts projecting record earnings driven by key factors. Bolstered by new transmission lines, capacity expansions, and improved hydro-generation, the sector is gearing up for a stellar performance.

As state governments push for private investments and power demand surges ahead of an expected scorching summer in 2025, investors are set to keep a close watch on power stocks poised to light up the market. Let’s dive into the details driving this momentum. This Tata group company has transformed into India's undisputed energy powerhouse.

Tata Power is involved in everything-generating electricity, transmitting it across the country, distributing it to homes and businesses, and even trading power. Tata Power’s generation segment focuses on producing electricity from hydroelectric and thermal sources, including coal, gas, and oil, through owned and leased plants, alongside providing ancillary services. The company’s renewable energy segment focusses on power generation from wind and solar sources, complemented by related support services.