Electrifying returns from power stocks

September 2007 was an awesome month for Indian equity market. It witnessed one of the fastest bull run wherein the benchmark indices conquered milestones one after the other at breakneck pace.

BSE Sensex covered the journey from 16K to 17K in just 6 trading day. The Nifty also covered 1000 points journey to 5K mark in record time of 253 days. 

In this ongoing bull run, power stocks have been among the star performers and have been buzzing for over the past one month. Power stocks have contributed significantly.  

Moneycontrol has come out with data showing power stocks gain in the last 15 days. The data shows that ADAG group stocks were top performers in power sector. RNRL gained by 85% and Reliance Energy by 54%.

The other stocks that also gave good returns were Jaiprakash Hydro , Energy Development and NEPC India .