But for the recent dip, power stocks have been on a roll the past several months thanks to the pick-up in economic activity and the accompanying rise in power consumption. The JSW Energy stock also appears expensive when compared to the Tata Power stock which is trading at a forward P/E mutiple of 30 times and EV/ EBITDA multiple of 12.5 times (multiples for both companies are based on Bloomberg consensus estimates).
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