JSW, NHPC, IEX To NTPC: These Power Stocks Can See Up to 25% Upside In Near-Term; Check Top Picks

Top Power Stocks To Buy: The power sector stocks performance remained muted over the past few months due to soft energy demand and subdued short-term fuel prices. However, some power sector stocks may se a surge in valuations driven by expectations of higher capitalisation in the sector, hints analysts.

Nifty Energy has surged around 1.59% in past one month, with stocks like Indraprastha Gas Limited, Hindustan Petroleum Corporation Limited, and Triveni Turbine surging by up to 10%. Meanwhile, JP Power emerged as the top winner in the sector with a whopping 38% surge in its price valuation in one month amid reports of Adani takeover.

Amid weak short-term prices and gradual power demand recovery in July 2025, the energy sector can grow with power demand uplift in coming months, noted Antique Stock Broking Limited in its report earlier.

Top Power Stocks With High Valuation

The brokerage in its July 9 report of the power sector for the Q1 result session, had recommended a few stocks for long-term valuation and hinted at more than 15% growth in some other stocks.

Stock	Market Cap (INR bn)	TP	Upside %
CESC	240	200	11%
COAL	2,358	477	25%
IEX	179	230	15%
JSW	898	562	9%
NHPC	884	85	-4%
NTPC(S)	3,328	409	19%
PWGR	2,770	353	18%
SJVN	390	95	-4%
TPWR	1,281	477	19%

Note: The stock valuation upside mentioned is based on CMP on July 8.

Top Power Stock Recommendation

The brokerage has recommended Indian Energy Exchange and Power Grid for investors interested in long-term gain.

IEX Share Price Recommendation

IEX shares ended 0.89% higher on BSE at Rs 208.95 per share on Tuesday. The stock has touched a 52-week high mark of Rs 244.35 per share on 24 September, 2024 and had hit a 52-week low mark of Rs 151.05 per share on 4 March, 2025.

The brokerage has given a target price of Rs 254 per share for the stock. "Short term power accounted for 14% of total generation in India during FY25. Importantly, the share of power traded through exchanges within the short-term market continues to rise, reaching 47% in the same period, up 25% YoY. This shift in market structure has been positive for IEX, which reported robust volume growth, even as overall power demand saw only low single-digit growth," noted the brokerage in its report.

Power Grid, JSW Energy Share Price Recommendations

Power Grid Corporation shares ended 0.07% higher at Rs 298.4 per share on BSE on Tuesday with a market capitalisation of Rs 2,77,530.02 crore. The stock valuation has declined by around 13.23% in one year. But it has increased by 65% in two years.

The brokerage has maintained a positive outlook for the stock and gave a target price of Rs 353 per share for the stock in long-term.

JSW Energy Share Price Recommendation

JSW Energy shares closed 0.34% lower at Rs 528.8 per share on BSE on Tuesday. The stock dipped to its 52-week low mark of Rs 419.10 per share on BSE on 12 February, 2025. Its valuation has declined by 17.86% year to date. In a one-year duration, the JSW Energy's stock valuation has fallen by 26.58%.

The brokerage has given a 'Hold' rating for the stock with a target price of Rs 562 per share.

"We maintain a positive outlook on the power sector and continue to recommend Power Grid (BUY, TP INR 353) as our top large-cap pick, supported by an uptick in capex and capitalization. In the SMID segment, Indian Energy Exchange (BUY, TP INR 254) remains our preferred choice, driven by increasing short-term market participation and structural tailwinds in power trading. JSW Energy (HOLD, TP INR 562) offers the best EPS growth within the sector, though we await a better entry point," noted Antique Stock Broking.