New Delhi, Oct. 13 -- 2026 has been a strong year for high-voltage transmission and distribution (T&D) equipment stocks, with Hitachi Energy India, GE Vernova T&D India, Siemens Energy India, and CG Power and Industrial Solutions rising 66%, 34%, 23%, and 35%, respectively, year-to-date (YTD). In comparison, the BSE Capital Goods Index has gained 10% over the same period.

The rally has come at a time when broader markets have been impacted by escalating geopolitical tensions. However, the sector has attracted investor interest amid a widening global supply-demand gap for high-voltage power equipment, including transformers, switchgear, and circuit breakers, as well as strong multi-year order pipelines for companies in both domestic and i...