1,917% All-Time Returns: Rs 80-To-1,700, Energy Stock Makes Investors Rich In Long-Term; Time To BUY?

Torrent Power, an integrated power utilities company, has witnessed a winning streak for two consecutive sessions, rising by 5.5% on BSE. Notably, in the longest run, the stock has journeyed from over Rs 80 to crossing the Rs 1,700 mark on December 12. Going ahead, the stock is recommended to buy for intraday and short-term gains like a 15-day timeframe. The energy stock has a strong track record of dividends, while its return on equity is healthy at 17.23%.

Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs. 41000 Crore Torrent Group - committed to its mission of transforming life by serving two of the most critical needs - healthcare and power. It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution manufacturing and supply of power cables.

Torrent ranks amongst the best-run power utilities in the country with highly efficient generation assets. It has a portfolio of coal-based, gas-based and renewable power plants with an aggregate generation capacity of 4328 MW. The gas-based plants of the Company possess greater environmental value with state-of-the-art technology and in-built efficiency-enhancing design features.