New Delhi, March 16 -- Summer is kicking in, air-conditioners are set to work overtime, and the heat from the US-Iran war is beginning to spill into India's power market too. As temperatures rise and geopolitical tensions keep global energy supplies on edge, power stocks are finding themselves back in the spotlight, with Axis Direct betting that strong demand, weather risks and transmission expansion could keep the sector charged up.

"India's electricity sector continues to demonstrate underlying structural demand strength. Peak power demand during the Apr'25 to Feb'26 period (11 months) reached 245 GW in Jan'26. While this compares with a peak of 250 GW in May'24 during the Apr'24 to Feb'25 period, the apparent moderation is largely a s...