11 hrs ago
PL Capital Identifies Power Stocks With Up to 55% Upside
PL Capital studied several companies connected to India’s power sector.
It gave CESC the highest potential return in its table.
CESC has a BUY rating and a target price of ₹220.
NTPC also received a BUY rating, with a target of ₹450.
Adani Energy Solutions received a HOLD rating even though its target suggests nearly 30% upside.
Power Grid received a BUY rating and a target of ₹331.
Tata Power and Coal India received ACCUMULATE ratings, while JSW Energy received a BUY rating.
The brokerage expects new power and transmission projects to support the sector.
The report’s CESC discussion mentions about 54% upside, while its table lists 55%.
PL Capital assigns CESC a BUY rating and ₹220 target, implying the report’s highest upside of 55%.
NTPC receives a BUY rating with a ₹450 target and projected upside of 37.6%.
Adani Energy Solutions is rated HOLD with a ₹1,752 target and 29.87% potential upside.
Power Grid, JSW Energy, Tata Power and Coal India receive targets implying 12% to 27.9% upside.
PL Capital links sector prospects to upcoming commissioning and capitalization of power-generation, transmission and infrastructure projects.
- Who
- PL Capital and the listed power-sector companies covered in its report, including CESC, NTPC, Adani Energy Solutions, Power Grid Corporation of India, Tata Power Company, Coal India and JSW Energy.
- What
- PL Capital published ratings and target prices for several power, transmission and energy companies.
- Where
- The share prices cited were observed on the BSE.
- When
- The share-price references were reported on Friday; the articles do not specify the date.
- Why
- The brokerage expects upcoming commissioning and capitalization of power-generation, transmission and infrastructure projects to support sector prospects.
Reasons for optimism
Reasons for caution
Sector growth
Reasons for optimism
PL Capital expects upcoming commissioning and capitalization of power-generation, transmission and infrastructure projects to improve prospects across the sector.
Reasons for caution
The report gives different ratings across companies, including HOLD for Adani Energy Solutions and ACCUMULATE for Tata Power and Coal India, indicating that expected gains vary by company.
CESC outlook
Reasons for optimism
CESC receives the report’s highest projected upside, with a BUY rating and a ₹220 target.
Reasons for caution
The article’s detailed CESC section cites about 54% upside, while the table lists 55%, creating a small discrepancy.
Adani Energy Solutions pipeline
Reasons for optimism
The company’s financial year 2026-27 projects are progressing well, according to PL Capital.
Reasons for caution
Its financial year 2028 pipeline remains in the early stage of execution, according to the brokerage.
Key facts
- Highest listed upside
- CESC: 55% in the report’s table, with a ₹220 target price.
- NTPC target
- ₹450, with a BUY rating and 37.6% projected upside.
- Adani Energy Solutions target
- ₹1,752, with a HOLD rating and 29.87% projected upside.
- Power Grid target
- ₹331, with a BUY rating and approximately 25% projected upside.
- Tata Power target
- ₹414, with an ACCUMULATE rating and 15% projected upside.
- Coal India target
- ₹472, with an ACCUMULATE rating and 11.84% projected upside.
- Report basis
- Upcoming commissioning and capitalization through power-generation, transmission and infrastructure projects.
Sources
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