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Shashank Gupta

13th May · SEBI-Registered Analyst

TORNTPOWER

Over the past six months, Torrent Power has delivered returns of 14.14%, significantly outperforming the Sensex's -11.75% decline with a positive alpha of 25.89 percentage points. The one-year return of 3.30% also beats the Sensex's -8.13% decline, generating positive alpha of 11.43 percentage points, though the stock has underperformed the broader power sector, which delivered 20.27% returns over the same period. The longer-term picture remains impressive: Torrent Power has generated spectacular returns of 176.52% over three years and 239.36% over five years, massively outperforming the Sensex returns of 20.19% and 53.11% respectively. These multi-year returns underscore the company's strong fundamental growth trajectory and suggest that the current weakness may represent a temporary setback rather than a fundamental deterioration. From a technical perspective, Torrent Power currently trades below all key moving averages—5-day (₹1,689.37), 20-day (₹1,662.80), 50-day (₹1,532.61), 100-day (₹1,447.67), and 200-day (₹1,370.64)—indicating near-term technical weakness. However, the overall technical trend remains classified as "Bullish" according to the analysis, with multiple indicators including MACD and moving averages suggesting an intact uptrend on weekly and monthly timeframes, despite the recent correction.

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