Archive · 20 Aug 2026
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.
Axis Direct retained ‘Buy’ ratings on NTPC, Skipper, and JSW Energy after their June-quarter results.
NTPC’s group installed capacity rose by 1,796 MW to 90,904 MW in Q1 FY27.
Skipper’s Q1 order inflows reached ₹1,674 crore, lifting its order book to ₹9,217 crore.
JSW Energy’s installed capacity increased by 872 MW to 14.5 GW during Q1 FY27.
Axis Direct set target prices of ₹420 for NTPC, ₹605 for Skipper, and ₹630 for JSW Energy.
- Who
- Axis Direct and the companies NTPC, Skipper, and JSW Energy.
- What
- Axis Direct recommended buying the three power and utility stocks and assigned target prices to them.
- When
- After the companies’ June-quarter results, during Q1 FY27; the figures refer mainly to June or July 2026.
- Where
- The companies’ operations and projects span domestic and international markets, as stated for Skipper’s opportunities.
- Why
- Axis Direct cited capacity additions, strong order books or pipelines, improving execution, and a stronger balance sheet as potential earnings supports.
- Brokerage
- Axis Direct
- NTPC rating and target
- Buy; ₹420
- Skipper rating and target
- Buy; ₹605
- JSW Energy rating and target
- Buy; ₹630
- NTPC installed capacity
- 90,904 MW as of June 30, 2026
- Skipper order book
- ₹9,217 crore as of June 2026
- JSW Energy locked-in capacity
- 32.4 GW