5 Best Energy Stocks to buy in May 2024

Published : 15 May 2024

NTPC Ltd

19.69%

₹361.50

CMP

OPM

11.50%

ROE

It is one of the crucial players in the power generation industry. With a stable return and financial performance, this can be a good stock for diversifying in the energy segment. 

9.69%

ROCE

Adani Green Energy Ltd

57.39%

₹1834.40

CMP

OPM

16.56%

ROE

The company is one of the biggest players in the renewable energy segment. In the last one year, the stock price has increased by over 100%. 

7.59%

ROCE

Reliance Industries Ltd

12.94%

₹2838.50

CMP

OPM

9.31%

ROE

It is India’s largest private sector conglomerate and has a presence in the energy sector. It has lower debt levels, making it a good investment. 

9.37%

ROCE

JSW Energy Ltd

25.62%

₹872.85

CMP

OPM

7.93%

ROE

The company undertakes power generation, trading, and transmission and has given almost 24% returns in the last one year.

6.66%

ROCE

Power Grid Corporation of India 

59.60%

₹314.25

CMP

OPM

18.57%

ROE

The company is one of the largest power transmission utilities globally. In the last one month, the stock has increased by 14% and can give a good long-term investment

12.81%

ROCE