Archive · 8 Oct 2026
Jefferies Names Six Buy-Rated Stocks With 44%-56% Upside
Jefferies, a brokerage, has picked six companies it thinks could do well.
It rates all six stocks as ‘Buy’ and estimates their share prices could rise by 44% to 56% from its reference prices.
TCI Express has the largest estimated rise, at 56%.
Some picks move goods by road or rail, while others work in electricity and power infrastructure.
Jefferies expects more freight activity to help some logistics businesses.
It also expects electricity demand and infrastructure investment to support some power companies.
But competition, economic conditions and interest rates could affect results.
These estimates are Jefferies’ views, not guaranteed outcomes.
Jefferies rates TCI Express, Adani Energy Solutions, Concor, JSW Energy, Gateway Distriparks and Torrent Power ‘Buy,’ with projected upside of 44% to 56%.
TCI Express has the highest stated upside at 56%, with Jefferies citing expected volume recovery and improved truck utilisation; Middle East-related effects remain a watchpoint.
Adani Energy Solutions has a 53% projected upside, supported by transmission projects, smart-meter execution and energy solutions; projects worth Rs 71,800 crore are expected to be commercialised.
Jefferies sees logistics opportunities for Concor and Gateway Distriparks, while flagging competitive intensity and potential export-import imbalance as considerations.
For the power companies, Jefferies points to electricity demand and possible higher merchant tariffs, while noting interest-rate sensitivity varies by company.
- Who
- Jefferies and the six companies it rates ‘Buy’: TCI Express, Adani Energy Solutions, Concor, JSW Energy, Gateway Distriparks and Torrent Power.
- What
- Jefferies identified six stocks with stated target-price upside estimates ranging from 44% to 56%.
- When
- In Jefferies’ latest research reports; the article refers to estimates for the September 2026 quarter and FY26-FY30.
- Where
- India.
- Why
- Jefferies cites expected logistics volume recovery, power demand, infrastructure investment, project execution and potential merchant tariff gains.
Jefferies’ positive case
Risks and monitorables
Logistics outlook
Jefferies’ positive case
Jefferies expects volume recovery and freight opportunities to support logistics companies, including TCI Express, Concor and Gateway Distriparks.
Risks and monitorables
The reports flag Middle East-related disruptions, possible export-import imbalance and rising competitive intensity as factors to monitor.
Power outlook
Jefferies’ positive case
Jefferies expects electricity demand, infrastructure spending and potentially higher merchant tariffs to support power companies.
Risks and monitorables
Higher interest rates could weigh on earnings; Jefferies estimates differing impacts for JSW Energy and Torrent Power, and notes the outcome depends in part on merchant prices.
- Brokerage
- Jefferies
- Ratings
- ‘Buy’ for all six stocks
- Highest stated upside
- TCI Express: 56%; target price Rs 770
- Adani Energy Solutions
- 53% upside; target price Rs 2,060
- Concor
- 47% upside; target price Rs 650
- JSW Energy
- 45% upside; target price Rs 720
- Gateway Distriparks
- 44% upside; target price Rs 74
- Torrent Power
- 44% upside; target price Rs 1,780