Electric utilities stocks gain; Adani Power soars 20%, JSW Energy rises 14%

Shares of electric utilities companies were in focus with Adani Power and JSW Energy surging 20 per cent and 14 per cent, respectively, on the BSE on Thursday on the back of heavy volumes. CESC, NTPC, and Torrent Power were up in the range of 3 per cent to 4 per cent.

The S&P BSE Power index hit a 52-week high of 2,079, up 1.6 per cent, as compared to a 0.06 per cent rise in the S&P BSE Sensex at 03:15 pm.

In October, power generation grew 9.7 per cent year-on-year (YoY) to 116.6 billion units on the back