On Friday, shares of Vikran Engineering closed 4.40 per cent higher at Rs 100.75 on BSE against its previous close of Rs 96.50. The counter has climbed over 16 per cent in the last two sessions.
ICICI Securities said the current trajectory resembled the 2001–2004 phase, which preceded an exponential growth period. It likes State Bank of India, Axis Bank, Larsen & Toubro, BHEL, JSW Energy, NTPC and RIL.
Kotak suggested targets of Rs 320 for Tata Power, Rs 260 for Power Grid, Rs 325 for NTPC, Rs 75 for NHPC, and Rs 495 for JSW Energy. CESC, Coal India, and ACME Solar were valued at Rs 165, Rs 370, and Rs 350, respectively.
While NTPC indicated that SNG could be produced at about $10–12 per mmBtu and claimed this was competitive with imported LNG, MOFSL said the economics would depend on global LNG oversupply.
BHEL stock rose 1.5% to Rs 264 in early deals today. Market cap of the firm stood at Rs 91,438 crore.
On NTPC Green Energy, the brokerage said the company has limited track record of developing green assets. It delivered 3GW of operating assets at a capex to Ebitda of 10 times, implying a subpar return.
The recent upmove follows a series of positive developments, including the company's reclassification as a Schedule A Central Public Sector Undertaking (CPSE) by the government.
Stocks to buy: Foreign brokerage CLSA called stocks such as ONGC and DLF as underdogs. It also likes NTPC. On ONGC, CLSA said the upstream stock is pricing in a Brent crude price lower than the current price.
The market expert reiterated his positive stance on select blue-chip counters, particularly Larsen & Toubro Ltd (L&T) and Titan Company Ltd.
Profits are projected to increase for CESC, IEX, NHPC, NTPC, Power Grid, Torrent Power, and Tata Power, while Coal India, JSW Energy, and SJVN could see PAT declines. Top picks remain PGCIL and CESC.
In the past six months, ACME Solar’s share price (up 45 per cent) outperformed peers such as NTPC Green (up 0.2 per cent) and JSW Energy (up 0.2 per cent).





