Desk
Share
Power Stocks To Buy: Brokerage firm Nomura is bullish on the shares of two power-generating companies. The brokerage firm expects both the companies to offer a strong EBITDA CAGR during FY 24-27. Due to this, their shares can also give good returns. These companies are Tata Power and JSW Energy Limited. Check further what is the target price of the shares of these companies.
Tata Power Share Price Target 2024
Nomura has initiated a BUY rating with a target price of Rs 560. The brokerage firm expects this Tata Group stock to post 16 per cent EBITDA CAGR during FY24-27. It also expects strong delivery on solar EPC order book of Rs 15,700 crore and a jump in Odisha's profitability.
Today, on Tuesday, Tata Power's share closed at Rs 456.40. While its target price is Rs 560. That means this share can give more than 22 percent return.
JSW Energy Share Price Target 2024
Nomura has initiated a BUY rating on JSW Energy with a target price of Rs 885. The brokerage firm expects the company to deliver 38 per cent EBITDA CAGR during FY24-27. It also expects over 2x growth in operational capacity and healthy margins on RE generation projects.
Today on Tuesday, the share of JSW Energy closed at Rs 725.90. While its target price is Rs 885. That means this share can give a return of 22 percent.
--Advertisement--
