NTPC, Adani Power: Power stocks may surge up to 12% on robust trend

So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. Overall trend in these power stocks continues to remain sturdy

Shares of power sector displayed a robust momentum on Tuesday, with NTPC hitting a new historic peak and Orient Green Power Company surging 14 per cent. Similarly, Jaiprakash Power, Urja Global and RattanIndia Power gained over 6 per cent, respectively. 

So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. The overall trend in these power stocks continues to remain sturdy.

Here’s the technical outlook to understand the next move in the power sector:- 

Tata Power Co. Ltd (TATAPOWER) 

Likely target: Rs 270

Upside potential: 12%

The stock has broken