Stocks to buy: From Coal India to JSW Energy, Axis Direct bets on these 5 stocks as India’s power demand heats up
Analysis of this story by livemint_markets · 16 Mar 2026, 11:06 AM IST (about 2 months ago)
AI Analysis
India's power demand is heating up, driven by economic growth and infrastructure development, making the energy sector a focus for investors. Analyst upgrades and positive market sentiment indicate a favorable environment for power-related stocks.
Trading Insight
Key Evidence
- •Axis Direct maintains 'Buy' ratings for Coal India, Skipper, and JSW Energy.
- •Target prices are ₹500 for Coal India, ₹470 for Skipper, and ₹630 for JSW Energy.
- •The recommendations are based on strong demand and infrastructure expansion in India's power sector.
- •Recent market intelligence shows other power stocks like Adani Power and NTPC Green also gaining.
- •Risk flag: Regulatory changes in the power sector
Affected Stocks
Axis Direct maintains 'Buy' rating with a target price of ₹500, citing strong demand in the power sector.
Axis Direct maintains 'Buy' rating with a target price of ₹470, benefiting from infrastructure expansion in the power sector.
Axis Direct maintains 'Buy' rating with a target price of ₹630, driven by strong power demand.
Recent market intelligence indicates Adani Power gaining alongside other power stocks.
Sources and updates
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