Business · India Bureau
Jefferies favours Adani Energy, JSW in power sector outlook
A leading brokerage has identified three Indian power companies as top investment picks, citing strong growth potential in the sector. The recommendations come as India's power demand is expected to expand at a robust pace over the coming years.
LSN India ·
Jefferies has maintained its forecast for power sector demand growth at 7 percent for fiscal year 2027, according to its latest India Power Monthly report. The brokerage highlighted Adani Energy Solutions, JSW Energy, and NTPC as preferred picks among listed power companies, suggesting significant upside potential for investors in these stocks.
The three companies have been selected based on their operational performance, expansion plans, and market positioning within India's rapidly growing energy sector. Jefferies' analysis points to sustained demand drivers across industrial, residential, and commercial segments as the country pursues its economic growth targets and energy infrastructure development.
The power sector remains a focal point for investors seeking exposure to India's infrastructure expansion, with generating companies and distribution utilities positioned to benefit from rising electricity consumption. The sector's long-term trajectory is supported by government initiatives aimed at expanding renewable energy capacity while maintaining grid reliability.
Jefferies' recommendations suggest potential gains of up to 45 percent for investors in its top-rated stocks over the investment horizon under review. The brokerage's outlook reflects confidence in the fundamental drivers underpinning electricity demand in India, where per-capita consumption levels remain well below global averages.