Bernstein Rates Tata Power, JSW Energy, NTPC Outperform

Bernstein, a foreign brokerage, has given investment recommendations for four Indian energy companies.

They suggest buying shares of Tata Power, JSW Energy, and NTPC because they think these companies have a good chance to grow.

They think Adani Green Energy might not do as well, so they suggest selling its shares.

Bernstein thinks that investing in private thermal and pumped storage is better than investing in Solar+BESS.

They also mention that the Indian government is planning to increase pumped storage capacity, and even China is doing the same.

They have set target prices for each company, showing how much they think the shares could go up or down.