Adani Power Vs Tata PowerShares of the power sector have risen after the demand for electricity increased during the summer days. With the rising temperature across the country since mid-March, the demand for electricity has suddenly increased. During this, the demand for the stock of power products has also increased and there is buying in the shares. Investors expect that the revenue of power companies will increase and the share price will increase. In the midst of the growing power crisis, shares of two power sector giants Adani Group’s company Adani Power and Tata Group’s Tata Power have been in discussion for some time. If you are also looking to invest in power shares, then let us know which stock can be better in Adani Power and Tata Power.
Adani power-
The stock of Adani Power was trading flat at Rs 281.80 today. The stock has gained momentum after two consecutive days of decline. The stock had touched a high of Rs 288.95 with a gain of 3.09 per cent today. Shares of Adani Power today closed at Rs 280.20 with a slight fall.
The Share of Adani Power is higher than the 5 Day, 20 Day, 50 Day, 100 Day and 200 Day Moving Averages. The stock is up 198 per cent in one year and is up 182 per cent in 2022. The stock has gained 38.57 per cent in one month. The firm’s market cap rose to Rs 1.09 lakh crore on the BSE.
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Tata Power –
On the other hand, shares of Tata Power closed at Rs 248.50, up 2.56% on the BSE today. The stock is higher than the 50 day, 100 day and 200 day moving averages but lower than the 5 day and 20 day moving averages.
The stock has gained 9 per cent since the beginning of this year and 143.5 per cent since the beginning of this year. The market cap of the firm was Rs 76,943 crore. The stock had hit a 52-week high of Rs 298 on April 7, 2022.
Adani Power Vs Tata Power – Business
Adani Power is part of the Adani Group, India’s largest private thermal power company. It is a leader in setting up coal based supercritical thermal power plants in India. The company has several short-term and long-term power purchase agreements (PPAs) for selling power. This accounts for 6% of the total power generation capacity in India. It is also in the renewable energy sector and has a solar plant in Gujarat. Now coming to Tata Power, Tata Power is part of the reputed Tata group and is a diversified power company. The company is also present in consumer-centric businesses such as solar rooftops, pumps, microgrids and electric vehicle (EV) charging stations. Where on one hand Adani Power is fully engaged in generating thermal power. Tata Power, on the other hand, is present in the value chain of the power sector, with a substantial renewable energy portfolio.
Also read- Gautam Adani will now enter the healthcare sector, Adani Group in preparation for investment of $ 4 billion
Adani Power Vs Tata Power – Power Generation Capacity
Adani Power has a total installed capacity of 12,410 MW across six power plants in India. It also has a solar power plant in Gujarat with a capacity of 40MW. The company is adding 7,000 MW of capacity to all its plants, including a 1,600 MW project in Jharkhand to supply electricity to Bangladesh.