Energy
Macquarie Bullish on India Power Sector Picks NTPC and JSW Energy
Lumic
3 months ago
Macquarie Bullish on India Power Sector Picks NTPC and JSW Energy
Macquarie picks NTPC as top bet in power sector followed by JSW Energy and Power Grid Corporation
Macquarie sees transmission capex supercycle and better discom finances as key sector growth driver
Adani Green Adani Power and Adani Energy Solutions ranked lower in Macquarie overall pecking order
India power sector upcycle is real and smart money is already picking sides
This 'Insights' piece delves into Macquarie's optimistic outlook for the India power sector. The global financial giant has identified NTPC as its top pick, with JSW Energy and Power Grid Corporation also featuring prominently in their recommendations. Macquarie highlights a potential transmission capex supercycle and improving finances for discoms as crucial growth drivers for the sector. While renewable energy stocks like Adani Green, Adani Power, and Adani Energy Solutions are noted, they are ranked lower in Macquarie's overall assessment. This analysis offers a valuable perspective on where smart money is flowing within the dynamic Indian energy market, signalling a potential upcycle for the sector.
