While much of India grapples with soaring temperatures, shareholders of power companies are benefiting from rising electricity demand. International brokerage Macquarie says India’s power sector is undergoing a broad-based regulatory and operational reset across generation, transmission and distribution.
Macquarie initiated coverage on JSW Energy with an ‘Outperform’ rating and a target price of Rs 720 per share, implying an upside potential of more than 28% from the stock’s previous close.
