Power generation and related companies experienced significant gains on Wednesday, with the BSE Power index surging 2% during intra-day trading. According to reports from Business Standard, the Power index was up 1.7% at 8,065.64 as of 02:57 PM, making it the top gainer among sectoral indices. This performance contrasted with the BSE Sensex's modest 0.23% rise, highlighting strong investor interest in the power sector amid broader market momentum.
Hitachi Energy India emerged as the top performer, hitting a new high of ₹35,495 with a 6% surge during intra-day trading. As reported by Business Standard, the stock surpassed its previous high of ₹35,094 touched on May 8, 2026. Siemens Energy India surged 9% to ₹3,455 on heavy volumes, trading close to its 52-week high of ₹3,624 touched on September 23, 2025. The average trading volumes at the counter jumped over six-fold with 2.37 million shares changing hands on the NSE and BSE.
GE Vernova T&D India rallied 9% to ₹4,800 in intra-day deals, trading close to its 52-week high of ₹4,849.85 touched on May 8, 2026. According to reports from Business Standard, the company delivered stellar performance marked by record order bookings and strong execution during the year. Order inflows during Q4FY26 jumped 188% year-on-year to ₹8,610 crore, driven by large renewable evacuation and HVDC transmission projects. The board approved ₹55 crore investment for capacity expansion at its Tamil Nadu facility and recommended ₹10/share dividend for FY26.
The power sector's strong performance is attributed to robust demand momentum driven by electrification, decarbonization, and energy security priorities. As reported by Business Standard, Siemens Energy's backlog increased 22.2% year-on-year to ₹18,433 crore. Analysts at Motilal Oswal Financial Services expect the transmission and distribution value chain to benefit from a robust capex outlay of ₹9 trillion until 2032. The brokerage maintains a positive stance on the T&D capex cycle, with transformer players expected to continue delivering strong earnings growth over FY25-28.
