5 Best Utility Stocks to buy in June 2024

Published : 28 June 2024

The Tata Power Company

The company has a presence in all renewable energy production including solar energy. It is currently trading at around ₹ 440 with an ROCE of 9.03% and an ROE of 11.42%. Its OPM is 14.35%.

NTPC

It is one of the crucial players in the power generation industry. It is currently trading at around Rs. 380 with an ROCE of 9.93% and an ROE of 12.95%. Its OPM is 21.03%.

Power Grid Corporation of India

The company is one of the Maharatna by GOI. Its shares are trading at around ₹ 330  at present with ROCE and ROE of 12.87% and 17.87% while the OPM is noted at 60.81%.

Inox Wind

The company is a leading wind power solutions provider and has its manufacturing plants in Gujarat.  It is currently trading at around ₹ 140 with an ROCE of 8.47% and ROE of -2.38%. Its OPM is around 12.32%.

NHPC

The company is engaged in the business of Hydro Power and Wind Power generation. It is currently trading around ₹ 100 with an ROCE of 6.12% and an ROE of 9.36%.  Its OPM is around 52.38%.