From Financialexpress · Oliviya Kunjumon · · 1m 10s
Jefferies Power Play After RBI Rate Hike
Jefferies highlights 7 Indian power stocks with up to 53% upside after RBI's 25 bps rate hike.
In brief
Jefferies highlights 7 Indian power stocks with up to 53% upside after RBI's 25 bps rate hike. Jefferies reports Adani Energy Solutions, JSW Energy and NTPC could rise 53%, 45% and 32% respectively after RBI's 25 bps rate hike. Originally reported by Financialexpress.
Jefferies power play after RBI rate hike
Jefferies published its India utilities outlook on 7 October 2026.
Power stocks with up to 53% upside
Jefferies expects Adani Energy Solutions, JSW Energy and NTPC to have up to 53% upside from current prices.
Target prices for top picks
Jefferies sets target prices of Rs 2,060 for Adani Energy Solutions, Rs 720 for JSW Energy and Rs 425 for NTPC.
Power stocks with 33-44% upside
Jefferies also recommends Adani Power, Power Grid, Adani Green Energy and Torrent Power with 33-44% upside potential.
Rate hike protection for power stocks
NTPC and Power Grid have 36-57% of loans on fixed-rate basis with regulated returns to pass interest costs.
Adani Green Energy risk
Adani Green Energy faces higher rate risk with net debt-to-equity at 6.5-6.6 times.
Power shortages possible
Jefferies expects power shortages to return in 4-5 months with 15-30% stock price correction.
The essence
Jefferies reports Adani Energy Solutions, JSW Energy and NTPC could rise 53%, 45% and 32% respectively after RBI's 25 bps rate hike.
