Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0658 GMT – Indian utilities stand to benefit from improving power demand in the country, Jefferies analysts say in a research report. On-year power demand growth of 7% in April-May looks strong versus Jefferies’s 6% growth estimate for FY 2027. Potential below-average monsoon if the El Nino phenomenon occurs could add to upside for Indian power demand growth. Jefferies’s top picks are JSW Energy, Adani Energy Solutions and NTPC, which are all rated buy. The bank raises its target price on JSW Energy to 745.00 rupees from 675.00 rupees and on Adani Energy Solutions to 1,905.00 rupees from 1,665.00 rupees, while maintaining the target price on NTPC at 470.00 rupees. Shares of JSW Energy, Adani Energy Solutions and NTPC are last quoted at 573.20 rupees, 1,585.95 rupees and 356.65 rupees, respectively. (ronnie.harui@wsj.com)