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Adani Power or NTPC? Macquarie initiates coverage on 3 power stocks, hikes target prices for 3 others
As rising temperatures drive electricity demand across India, Macquarie sees the power sector entering a broad regulatory and operational reset. The brokerage initiated coverage on JSW Energy with an ‘Outperform’ rating and a Rs 720 target, while assigning ‘Neutral’ ratings to Adani Power and Adani Energy Solutions. NTPC emerged as its top sector pick, with a revised target price of Rs 480.
Adani Energy, JSW Energy to Adani Power: Energy stocks rise after Macquarie’s bullish calls
Macquarie’s preferred picks in the energy sector include NTPC, JSW Energy, Power Grid Corporation of India, Adani Green Energy, Adani Power, and Adani Energy Solutions.
Stocks to Watch today: IndiGo, Afcons, Bharti Hexacom, JSW Infra, NTPC
Stocks to Watch today: IndiGo, SpiceJet, Afcons infra, JSW Infra, Bharti Hexacom, NTPC Green Energy, NTPC, NLC India, FirstCry, JW Steel, HDFC Bank, among others, will in focus today.
JSW Energy moves to make key wind equipment in-house
The facility has an annual production capacity of up to 450 wind blades, equivalent to supporting around 600 MW of wind power projects.
John Cockerill India climbs for second day as investors cheer major JSW order
Shares of John Cockerill India surged 8.18% to Rs 9,858.85 on Thursday, extending gains for a second consecutive session.
John Cockerill hits all-time high on bagging order ₹1,250-1,300 crore order
The buying on the counter came after the company and its parent John Cockerill Metal International SA (JCMI) have received a letter of intent from JSW Vijayanagar Metallics
John Cockerill India jumps after bagging Rs 1,250-1,300 crore JSW contract
John Cockerill India surged 6.99% to Rs 8,124.50 after the company announced a major order from JSW Vijayanagar Metallics with an aggregate contract value of approximately Rs 1,250 crore to Rs 1,300 crore.
John Cockerill India and its subsidiary secures contract valued Rs 1,300 cr
From JSW Vijayanagar Metallics
John Cockerill India, subsidiary win order worth up to 1,300 cr from JSW Vijayanagar
The aggregate contract value is estimated at ₹1,250-1,300 crore. Shares of John Cockerill India Ltd ended at ₹7,594.40, up by ₹37.50, or 0.50%, on the BSE today, June 2.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
Tata Motors, Mahindra lead the pack as EV sales surge 79%
India's electric car sales surged 79% in May. Tata Motors and Mahindra & Mahindra gained market share. Newcomer VinFast also saw growth. JSW MG Motor and Hyundai Motor experienced a decline. Higher fuel prices are driving consumers to electric vehicles. This trend shows sustained growth in the electric car sector.
Suzlon Energy appoints Ashok Ramachandran as President - India Business
Ashok is widely recognized for driving execution-led transformation at scale across complex, high-growth industries. As Chief Operating Officer and board member at JSW, he played a key role in shaping the company's long-term growth strategy, helping accelerate its capacity journey from nearly 5 GW to 30 GW in close to 3 years.