Power Sector Outlook: Mixed Performance Anticipated in Q4 FY26 Amid Muted Demand The power sector in India is expected to deliver a mixed performance in the fourth quarter of fiscal year 2026 (Q4 FY26), according to a report by PL Capital. The analysis highlights that underlying demand growth has remained limited, despite some increases in key metrics. Peak demand rose by approximately 2% year-over-year (YoY) to 245 gigawatts (GW), while energy consumption increased by 2% YoY to 425 billion units. However, the overall demand dynamics have not shown strong traction, leading to a subdued outlook for the sector. Power prices have continued to decline, with day-ahead market (DAM) prices falling by 12% YoY to Rs 3.9 per kilowatt-hour (kWh). This moderation is attributed to higher renewable energy generation and an ample supply of coal, which have kept supply conditions favorable. The report notes that the combination of renewable sources and coal availability has helped stabilize prices, even as demand growth remains constrained. Operational performance across power companies has been mixed. National Thermal Power Corporation (NTPC), one of the largest power generators in the country, reported a 4% YoY decline in generation. Its plant load factor (PLF) dropped to 65%, a 400 basis point (bps) decrease from the previous year. This decline is attributed to factors such as maintenance issues and lower-than-expected demand. In contrast, CESC (Central Electrical Supply Corporation) maintained stable performance, with a 3% YoY increase in generation. Tata Power, another major player, faced a sharp decline in generation due to disruptions at its Mundra plant. The company’s performance has been heavily impacted by operational challenges, which have affected its ability to meet demand.#tata_power #pl_capital #adani_energy_solutions #national_thermal_power_corporation #cesc
5 Stocks to Buy for Short Term: Brokerages Bullish on Bharti Airtel and Others; Up to 26% Upside Expected The stock market has seen a shift in focus toward equities showing signs of a rebound, with several shares recovering from recent dips. Technical indicators such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and rising trading volumes suggest renewed buying interest. Short-term traders are advised to consider select stocks that could deliver returns of up to 26% following recent corrections. Bharti Airtel is highlighted as a key opportunity, with PL Capital noting that the stock has corrected sharply and is now trading near its key support level of Rs 1,770. The brokerage firm states that the RSI has entered oversold territory and is showing signs of recovery, indicating a potential rebound. At the current market price of Rs 1,807, the stock offers a favorable risk-reward ratio, with a target price of Rs 2,050 and a stop-loss level at Rs 1,700. This setup implies an upside potential of around 13%. Despite a 14.08% decline in 2026 so far, analysts believe the current levels present a strong buying opportunity. L&T Finance is another stock under consideration, with PL Capital noting a 45% correction after hitting a peak of Rs 330 last year. The stock is now showing signs of stability, with early indications of a trend reversal and potential upside. The RSI is consolidating near the oversold zone, suggesting a possible positive reversal. Technical charts indicate the stock is becoming attractive at current levels. At a closing market price (CMP) of Rs 255.75, the target is set at Rs 310, with a stop-loss at Rs 230. Analysts suggest the risk-reward ratio is favorable despite a 20.01% decline in 2026.#bharti_airtel #pl_capital #l_t_finance #hdfc_securities #jupiter_wagons
