Torrent Power Surges Over 21%, Hits Record High on Robust Performance

The Torrent Power share witnessed an impressive surge of more than 21% on the morning of November 29, reaching a new pinnacle at Rs 1,004 on the National Stock Exchange (NSE), accompanied by robust trading volumes.

A substantial 34 lakh shares exchanged hands on NSE and BSE combined, a significant upswing from the one-week average volume of 6 lakh. This remarkable performance reflects a remarkable 22% rise in the stock over the past five sessions.

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As of 12:09 pm, the shares continued their upward trajectory, trading 11.01% higher at ₹937.00.

Analysts attribute this substantial growth to Torrent Power’s robust license-based power distribution operations and a noteworthy reduction in transmission & distribution (T&D) losses. The company’s adept handling of the challenges and opportunities presented by the growing energy demand further augurs well for its future prospects.