Now Reading: Axis Direct retains buy on NTPC, Skipper, JSW Energy
-
01
Axis Direct retains buy on NTPC, Skipper, JSW Energy
Axis Direct has maintained 'Buy' ratings on NTPC, Skipper, and JSW Energy after their June-quarter results, with target prices of Rs 420, Rs 605, and Rs 630 respectively. The brokerage cited strong…
Axis Direct has maintained 'Buy' ratings on NTPC, Skipper, and JSW Energy after their June-quarter results, with target prices of Rs 420, Rs 605, and Rs 630 respectively. The brokerage cited strong capacity additions, healthy order books, and improving execution as supporting earnings momentum.
For NTPC, the group's installed capacity rose 1,796 MW to 90,904 MW as of June 30, 2026, with 35.7 GW under construction across coal, hydro, and renewables. Skipper reported Q1 order inflows of Rs 1,674 crore, taking its closing order book to a record Rs 9,217 crore. JSW Energy's installed capacity grew 872 MW to 14.5 GW in Q1, and it has a locked-in capacity of 32.4 GW toward its 30 GW target by 2030.
JSW Energy raised Rs 10,150 crore to reduce leverage and fund its Rs 1.1 lakh crore capex plan through FY30. Skipper's 75,000 MTPA capacity expansion is on track for completion by end of Q2FY27.
Indian Opinion Analysis
This is a brokerage note, not a corporate announcement, so investors should weigh the risks Axis Direct itself flags: Skipper's exports fell 50% year-on-year in Q1 due to West Asia geopolitics, and the company's guidance of over 50% export growth in FY27 is not guaranteed. NTPC's thermal capacity target of 84 GW by FY32 implies a modest 1.4 GW per year addition, while its renewable goal of 136 GW by FY37 is over ten times current operational capacity. JSW Energy's Rs 1.1 lakh crore capex plan depends on continued debt raising and project execution. The next concrete event is Skipper's Q2 capacity commissioning deadline.
Source: livemint.com
This story was synthesised by AI from the source linked above.
