JSW Energy revenue is likely to jump 79 per cent YoY to Rs 4,368 crore, led by incremental contribution in generation from acquisition of KSK Mahanadi, Unit-II of Utkal TPP and Mytrah, JM Financial said.
Adani Power shares settled at Rs 146 piece on Monday. The Adani group stock has received 'Buy' rating from JM Financial with a target price of Rs 178 per share.
JM Financial said Adani Power has emerged as India’s largest private sector thermal power producer with 18.1 GW of installed capacity, comprising 10.8 GW of organic capacity and 7.3 GW added through acquisitions.
The stock traded above the 5-day, 10-, 20-, 30-, 100-, 150-day and 200-day simple moving averages (SMAs) but lower than the 50-day simple moving average (SMA).
Adani Power vs Tata Power share price: While Adani Power shares rose 25.60%, Tata Power stock slipped 6% in six months.
An analyst from Anand Rathi said that the price action of Adani Power is below the 10- and 20-DEMA currently, which is a short-term bearish signal.
Antique said Adani Power is set to expand capacity 2.3 times, from 18.15 GW in FY25 to 41.9 GW by FY33, marking a decisive transition.
JSW Energy has been tagged with a ‘Buy’ rating and a target price of Rs 697, suggesting a potential upside of over 50% from current levels.
An analyst from Anand Rathi said that BHEL has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum.
JP Power: The counter was buzzing recently following an update indicating that creditors of its associate company, Jaiprakash Associates Ltd (JP Associates), unanimously voted in favour of Adani Enterprises Ltd's resolution plan.
JP Power: The stock surged 12.26 per cent to hit a day high of Rs 22.80. At this level, it has gained 29.25 per cent in two trading days.
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