The company plans to raise up to Rs 10,000 crore in one or more tranches through Qualified Institutions Placement (QIP) or other eligible securities.
The company’s portfolio continues to expand, with the total locked-in generation capacity now standing at 30.5 GW.
JSW Energy has been tagged with a ‘Buy’ rating and a target price of Rs 697, suggesting a potential upside of over 50% from current levels.
JSW Energy stock ended on flat note at Rs 451.60 on Tuesday against the previous close of Rs 453.60.
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.
The top picks from Axis Securities are Kotak Mahindra Bank, Federal Bank, JSW Energy, Coforge, DOMS Industries, Chalet Hotels, Rainbow Children's Medicare, Minda Corp, and KEC International.
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).
JM Financial maintained its Buy rating Tata Power and JSW Energy both companies, with a target price of Rs 726 for JSW Energy and Rs 436 for Tata Power.
At 10:09 am, the stock was trading 1.57 per cent higher at Rs 546.15, taking the company’s market capitalisation to Rs 95,454 crore.
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