JM Financial Issues Stock Ratings and Price Targets for Power Sector Firms JM Financial has issued updated stock ratings and price targets for several power generation and transmission companies, citing expectations of increased electricity demand driven by weather patterns and market dynamics. The brokerage highlighted the potential impact of El Niño and a pre-monsoon heatwave, which are expected to kick in by mid-May, leading to a surge in consumption. This forecast is supported by recent data showing the country’s highest-ever March peak demand, reaching 238 gigawatts during solar hours and 224.6 gigawatts in the evening on March 10. The analysis also noted a significant weather disturbance, including a rare 1,000km cloud formation, which temporarily reduced peak demand by 40 gigawatts in solar hours and 20 gigawatts in non-solar hours over a 10-day period. This event contributed to unusually low clearing prices on the IEX Real-Time Market, with prices dropping as low as Rs 0.0002 per unit on March 22—the lowest recorded since the market’s inception in June 2000. JM Financial anticipates a shortfall in hydroelectric generation, which could negatively affect companies like NHPC Ltd and SJVN Ltd, while coal-fired generation is expected to rise, benefiting firms such as NTPC Ltd, Adani Power Ltd, and Adani Green Energy Ltd. The brokerage also mentioned the extension of Section-11 for Tata Mundra and high merchant prices for Adani Green and Adani Power, though it warned of potential downside risks from prolonged conflicts in West Asia. Among the power sector firms, JM Financial has assigned a 'Buy' rating to NTPC Ltd with a target price of Rs 420, Power Grid Corporation of India Ltd at Rs 314, and Tata Power Company Ltd at Rs 429.#jm_financial #ntpc_ltd #adani_green_energy_ltd #adani_power_ltd #power_grid_corporation_of_india_ltd
Adani Green Energy Ltd Sees Sharp Surge in Trading Volumes on BSE On April 6, 2026, Adani Green Energy Ltd experienced a significant spike in trading volumes on the Bombay Stock Exchange (BSE). By 10:44 IST, the stock recorded a volume of 72.71 lakh shares, marking a 23.18-fold increase compared to the two-week average daily volume of 3.14 lakh shares. This surge followed a previous session where trading volumes stood at 1.76 lakh shares. The stock closed at Rs.908.20, reflecting a 6.23% rise from the previous day’s closing price. The heightened trading activity was not limited to Adani Green Energy Ltd. Several other stocks on the BSE also saw notable volume increases. Zydus Wellness Ltd recorded a volume of 6.87 lakh shares by 10:44 IST, a 17.15-fold jump from its two-week average of 40,049 shares. The stock closed at Rs.497.25, up 11.99% from the prior session’s closing price of Rs.444.85. Volumes in the previous session were reported at 32,453 shares. 360 ONE WAM Ltd also witnessed a surge in trading volumes, with 11.97 lakh shares traded by 10:44 IST. This represented a 12.71-fold increase over the two-week average of 94,139 shares. Despite the volume spike, the stock closed at Rs.929.20, down 0.60% from the previous day’s closing price of Rs.934.85. Volumes in the last session were recorded at 19,438 shares. RBL Bank Ltd saw a 4.1-fold surge in trading volumes, with 4.6 lakh shares traded by 10:44 IST. This compared to the two-week average of 1.12 lakh shares. The stock closed at Rs.312.10, up 3.69% from the previous day’s closing price of Rs.301.25. Volumes in the last session were at 1.62 lakh shares. Aegis Logistics Ltd also experienced a notable increase in trading volumes, with 2.84 lakh shares traded by 10:44 IST. This marked a 3.#bombay_stock_exchange #adani_green_energy_ltd #zydus_wellness_ltd #rbl_bank_ltd #aegis_logistics_ltd
Adani Green Energy Ltd soars 6.54% Adani Green Energy Ltd’s stock surged 6.54% on April 6, 2026, closing at Rs 912 on the National Stock Exchange (NSE) at 12:49 IST. This marks the third consecutive session of gains for the stock, which has climbed 4.43% over the past year. The stock’s performance outpaced the broader market, with the NIFTY index rising 2.69% and the Nifty Energy index surging 12.15% during the same period. The Nifty Energy index, of which Adani Green Energy Ltd is a constituent, gained 1.2% in the last month, currently trading at 35299.4. However, the index declined 0.19% on the day, while the benchmark NIFTY rose 0.19% to 22757. The Sensex, meanwhile, closed at 73408.47, up 0.12%. Adani Green Energy Ltd’s stock has also risen 6.77% in the last month, reflecting strong investor confidence. Trading volume for the stock reached 93.88 lakh shares on the day, significantly higher than the daily average of 35.76 lakh shares in the previous month. The benchmark April futures contract for the stock was quoted at Rs 916.5, up 6.62% on the day. Analysts noted the stock’s outperformance relative to the NIFTY and Nifty Energy index, highlighting its appeal in the energy sector. The stock’s price-to-earnings (PE) ratio stood at 190.84, calculated based on trailing twelve months (TTM) earnings ending December 25. This high PE ratio suggests investors are optimistic about the company’s future earnings potential, despite the current valuation. The stock’s rally follows a broader trend in the energy sector, with the Nifty Energy index benefiting from increased demand for renewable energy solutions. Adani Green Energy Ltd, a major player in solar and wind power projects, has positioned itself as a key beneficiary of India’s push toward clean energy.#sensex #national_stock_exchange #nifty_index #adani_green_energy_ltd #nifty_energy_index
