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
NTPC Green, KPI Green, NLC India, JSW Energy, NTPC, Adani Green shares jump; here's why Several power generation companies saw their shares rise during Thursday's trading session, driven by increased buying interest in renewable energy and thermal power stocks. Key players such as KPI Green Energy Ltd, NTPC Ltd, its wholly-owned subsidiary NTPC Green Energy Ltd, NLC India Ltd, JSW Energy Ltd, KP Energy Ltd, and Adani Green Energy Ltd were among the top gainers. KPI Green Energy led the surge, climbing 7.88% to Rs 392.30, while NTPC Green Energy jumped 7.49%, and NTPC rose 1.64%. NLC India, JSW Energy, and KP Energy also gained over 6% each, with Adani Green Energy advancing 1.32%. Other stocks like ACME Solar Holdings Ltd, NHPC Ltd, and SJVN Ltd also showed upward momentum. Analysts attributed the positive movement to growing demand for electricity in India and the sector's improving outlook. Kranthi Bathini of WealthMills Securities highlighted the potential shift from gas companies to power firms amid concerns over an impending LPG supply crisis during the summer. He noted heightened activity in power and solar-related firms, which is contributing to the current momentum. Ravi Singh of Mastertrust emphasized that rising electricity demand is boosting generation companies' capacity utilization, making them attractive to investors. He also pointed to the government's push for renewable energy expansion, which is drawing attention to solar and wind projects. Additionally, power utilities are viewed as defensive investments, offering steady earnings and predictable cash flows, which makes them appealing in uncertain market conditions. Meanwhile, broader Indian equity benchmarks faced pressure as crude oil prices rose amid renewed tensions in West Asia, dampening investor sentiment.#kpi_green_energy_ltd #ntpc_ltd #ntpc_green_energy_ltd #nlc_india_ltd #jsw_energy_ltd
