Tata Power, JSW Energy, Torrent Power: Ambit sees buying opportunity in power stocks after valuation reset
Tata Power set out an expansion.
· Economic Times Markets, ET Stocks
Ambit Capital sees the recent correction in power stocks as a re-entry opportunity, favouring Tata Power, JSW Energy and Torrent Power. Rising electricity demand, fresh capacity contracting and limited PPA visibility could drive the sector’s next growth phase.
The analysis
Against that, the stock is +2.9% on the day at ₹344.55, and has returned -8.7% over three months. It sits 25% below its 52-week high, which means a good deal of bad news was already in the price. The power sector has moved -12.9% over the same period, so Tata Power is running 4.2 points ahead of its peers.
With Tata Power, JSW Energy and Torrent Power all implicated, this reads as a Power-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- 3 of the 3 companies named are in Power, so the story reads across that sector rather than for one company.
- On the day, 3 of 3 are higher: JSW Energy leads at +5.6% and Torrent Power trails at +1.5%.
- Over three months: Tata Power -8.7% against Power -12.9% (4.2 points ahead); JSW Energy -6.5% against Power -12.9% (6.4 points ahead); Torrent Power -17.7% against Power -12.9% (4.8 points behind).
- At least 25% below the 52-week high: Tata Power (25%) and Torrent Power (34%).
- Trading well above normal today: JSW Energy at 5.5 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tata PowerTATAPOWER · Power | ₹344.55 | +2.9% | -4.0% | -8.7% | -25.4% | 0.8× | — |
| JSW EnergyJSWENERGY · Power | ₹510.00 | +5.6% | +1.8% | -6.5% | -15.3% | 5.5× | — |
| Torrent PowerTORNTPOWER · Power | ₹1,177.40 | +1.5% | -3.5% | -17.7% | -33.6% | 1.0× | — |
Power
1M -5.4% · 3M -12.9%
Tata Power, JSW Energy, Torrent Power
Capital Goods & Engineering
1M -8.8% · 3M -3.3%
Capital Markets
1M -0.3% · 3M -5.2%
Prices as of 29 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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