Power Stocks To Buy: Bernstein bets on these three stocks for next leg of growth
Published on 25/03/2026 08:09 AM
Power Stocks To Buy: Bernstein bets on these three stocks for next leg of growthIndia's energy security has come under pressure twice in quick succession — first due to disruptions in Russian oil supplies and more recently due to the Iran conflict.By Meghna Sen March 25, 2026, 8:09:17 AM IST (Published)2 Min ReadPower sector stocks are expected to be in focus on Wednesday, March 25, after global brokerage firm Bernstein initiated coverage on select companies with a mixed outlook.
Bernstein initiated coverage on Adani Power, JSW Energy, and Tata Power with an 'Outperform' rating.
The brokerage has a price target of ₹177 for Adani Power and ₹575 for JSW Energy, both implying an upside of about 18% from current levels. Tata Power has a price target of ₹443, indicating a potential upside of 15%.
In contrast, the brokerage initiated coverage on NTPC Green Energy with an 'Underperform' rating and a price target of ₹80, implying a downside of around 16%.
CosRatingTP(₹)Upside/DownsideAdani PowerOutperform17718% upsideJSW EnergyOutperform57518% upsideTata PowerOutperform44315% upsideNTPC GreenUnderperform8016% downside
The brokerage said that India's energy security has come under pressure twice in quick succession — first due to disruptions in Russian oil supplies and more recently due to the Iran conflict.
While India remains resource-constrained in oil and gas, it is relatively well-endowed in coal and solar energy. As a result, electrification emerges as a key long-term solution, according to the brokerage.
Bernstein added that policy focus is likely to remain on accelerating thermal and nuclear capacity, alongside strengthening renewables, storage, and grid infrastructure.
According to the brokerage, the most attractive opportunities lie in thermal, nuclear, storage, and grid-linked companies, rather than pure-play renewable players.
On Tuesday, Adani Power shares rose 1.59% to ₹150.20, JSW Energy gained 0.55% to ₹485.35, while Tata Power declined 0.50% to ₹385. NTPC Green Energy fell 1.42% to ₹95.50.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.TagsAdani Poweradani power shareJSW EnergyNTPC Green EnergyTata PowerTata Power Company