El Nino effect? Adani Power, Tata Power shares jump 4% to fresh 52-week highs, soar up to 48% in one month

Adani Power and Tata Power shares surged as soaring temperatures across India fuel expectations of stronger power demand. Heat wave alerts have been issued for several regions, with daytime temperatures reaching up to 45°C. Experts warn of a strong El Niño ahead, which historically leads to heightened power demand and benefits power stocks.