# 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.
- Title: Jefferies Power Play After RBI Rate Hike · Financialexpress
- Summary: 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…
- Keywords: jefferies, rbi, adani energy solutions, jsw energy, ntp, power grid, adani green energy, torrent power, nifty, sensex, stock market, business
- Source: Financialexpress — https://financialexpress.com/market/jefferies-power-play-after-rbis-25-bps-rate-hike-7-stocks-with-up-to-53-upside-4356136
- Author: Oliviya Kunjumon
- Published: 2026-10-08T02:47:51+00:00
- Read time: 1 min
- Topics: jefferies, rbi, adani energy solutions, jsw energy, ntp, power grid, adani green energy, torrent power, nifty, sensex, stock market, business
## 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.
## Key takeaway

Jefferies reports Adani Energy Solutions, JSW Energy and NTPC could rise 53%, 45% and 32% respectively after RBI's 25 bps rate hike.