Which Power Utility Stock Is A Better Bet? Tata Power, JSW Energy, Adani Green, IEX, NTPC | Check Target Price

Best Energy Stocks in India: Amid IT sell-off and overall stock market volatility due to geopolitical uncertainty, brokerage firm Jefferies has updated its view on utility stocks. JSW Green Energy, Adani Green Energy, NTPC, and Adani Power can reward investors in the long term. At the same time, IEX can underperform in the long run, as per the brokerage.

The Indian stock market closed marginally higher on Tuesday, as Nifty 50 ended 0.52% higher at 23,242 points. Likewise, the BSE Sensex closed with a gain of 394 points. The recovery in Indian stock market came after a sharp sell-off in the previous session. Despite market volatility, energy-linked stocks continue to attract heightened investor interest. So let;s find out fresh price targets for these utility stocks by Jefferies, as reported by Business Today.

Tata Power Share Price Target

The brokerage has revised its target price for Tata Power from Rs 335 per share earlier to Rs 355 per share. Tata Power share price closed 1.4% lower at Rs 398.6 per share on BSE with a market capitalisation of Rs 1,27,366.23 crore on Tuesday.

JSW Energy Share Price Target

JSW Energy share price target has been raised to Rs 745 per share from Rs 675 per share. The energy stock closed 0.16% lower at Rs 570 per share on BSE with a market capitalisation of Rs 1,04,517.68 crore on Tuesday.

Adani Power, Adani Green, Adani Energy Price Target

Jefferies has also revised price target for three Adani Group stocks, ie Adani Power, Adani Green and Adani Energy. As per the report, Jefferies has changed Adani Power share price target to Rs

270 per share, Adani Green share price target to 1,730 per share and Adani Energy share price target to Rs 1905 per share.

Adani Power stock closed marginally higher at Rs 226.05 per share, whereas Adani Green share price ended Tuesday's trading session with 2.89% gain at Rs 1534 per share. Adani Energy scrip closed 0.5% higher at Rs 1578 per share.

NTPC Share Price Target

For NTPC, the brokerage gave a 'Buy' rating with a target price of Rs 470 per share. The stock closed 1.96% lower at Rs 355.56 with a market capitalisation of Rs 3,44,861.93 crore.

IEX Share Price Target

Indian Energy Exchange stock closed marginally higher at Rs 120.05 per share on BSE on Tuesday. However, Jefferies has given an 'Underperform' rating to the stock with a target price of Rs 100 per share.

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