Among sectors that have been re-rated both in terms of business and on the street is the power sector. Of course, the occasional lack of price action or an overall bearish phase may make you wonder why you are holding these stocks. Yes, some of them are expensive and may even see a price correction. But it is a sector where things took a turn for the better some 12-14 years back – and the runway for growth is long. More importantly, promoters now seem to realize that, more than valuations, what they need to do is make their businesses strong so that they play a part in the energy transition wave that has just started.
