Power stocks in demand; Hitachi, Siemens Energy, GE Vernova soar up to 9%

Power stocks surged, with the BSE Power index rising 2% amid strong earnings and a positive outlook. Hitachi Energy India, Siemens Energy, and GE Vernova saw stock increases of up to 9%. GE Vernova reported record order bookings and significant capital investments, while Siemens Energy noted strong demand driven by electrification and decarbonization. Analysts expect continued growth in the power sector, with a focus on renewables and infrastructure improvements, maintaining a positive outlook for companies like Siemens Energy.