Jaiprakash Power, Inox Wind and others gain up to 11%: Why did power sector stocks rise today?

Power sector stocks like Jaiprakash Power, Inox Wind, Siemens Energy, Reliance Power, GE Vernova are among others that surged during the intraday trading session on Wednesday, March 18, 2026, due to higher volumes based on strong buying interest from investors amid the early demand for power in the country ahead of peak summer season.

NIFTYENERGY index surged 0.68% to 36,226.05 points in the early market session, driven by the strong momentum and investor buying, compared to the previous close of 35,980.80 points, NSE data showed. As of the afternoon market hours, the energy index lost its initial gains, trading 0.03% lower at 35,991.40 points at 12:41 p.m. on Wednesday.

Power demand in India

Ministry of Power data released on March 16 showed that India has a total installed power generation capacity of 5,20,511 megawatt, and since the financial year 2014-15, the government has been working to transform India “from power deficit to power sufficient.”

According to the latest figures from the Ministry, India’s energy requirement for FY2025-26 up to February 2026 is 15,59,936 MW, while the Energy supplied has been nearly at par at 15,59,482 MW.

The demand for power stocks is rising amid the demand for energy in India due to an expected upcoming hot summer, the ongoing LPG crisis, which has prompted people in the country to use electric induction ovens and other home appliances, and the broader West Asia crisis, which has disrupted the global flow of natural gas and crude oil.

Top five power stock gainers today

Apart from the buying trigger, Jaiprakash Power, after the market operating hours on Tuesday, also announced that the NCLT’s Allahabad bench has ‘orally pronounced an order’ approving the bankruptcy resolution plan submitted by the promoter firm Adani Enterprises.

Shares of Jaiprakash Power have surged 10.91% in the last five market sessions and are trading 1.13% higher in the last one-month period. NSE data showed that although the stock has lost 13.97% YTD, the company shares have gained 13.23% in one year.

NSE data showed that although Inox Wind stock has given multibagger returns over the long term period, the company’s stock has lost 51% in the last one-year period. The shares of the company are trading 34.64% lower on a year-to-date (YTD) basis, and have lost 2.38% in the last five sessions.

The shares of the company have gained 12.33% on a year-to-date (YTD) basis so far in 2026, and are up 1.92% in the last one month, NSE data showed. The company’s stock was trading 3.08% lower in the last five sessions on the stock market.

Although Reliance Power shares surged 396% in the last five years and 111% in the last three years, the shares of the company have dropped 35% in one year. On a year-to-date (YTD) basis, the shares have lost 34.97% in 2026. The shares have lost 17.68% in one month, and are down 1.22% in the last five market sessions.

Shares of GE Vernova have given investors 3,079% returns in five years, and 3,087% returns in the last three years, according to NSE data. The shares of the company are up 146% in one year, and are trading 19.16% higher on a year-to-date basis.

Although the shares have gained 1.18% in the past one month, the stock is trading 0.35% lower in the last five market sessions.