Axis Direct Recommends NTPC, Skipper, JSW Energy After Q1

Axis Direct, a brokerage, thinks three power-related companies could perform well.

The companies are NTPC, Skipper, and JSW Energy.

It gave all three a “Buy” rating after their June-quarter results.

NTPC is adding thermal and renewable power capacity.

Skipper has a large order book and is expanding its manufacturing capacity.

Its exports fell during the quarter because of geopolitical developments in West Asia.

JSW Energy is adding capacity quickly and has a large future project pipeline.

It also raised money to reduce debt and support planned spending.

Axis Direct believes these developments could help the companies’ earnings grow.