Nomura has given a “Buy” call on JSW Energy (JSW IN), forecasting a potential 31% upside in the stock, with a target price of INR 885. The stock’s current market price (CMP) is ₹673.00.
Nomura predicts that JSW Energy will achieve a 38% compound annual growth rate (CAGR) in EBITDA from FY24 to FY27. The key drivers for this growth include:
- A more than twofold increase in the company’s operational capacity.
- Strong margins from its renewable energy (RE) generation projects.
JSW Energy is expected to benefit from its expanding RE portfolio, making it a solid player in the energy sector.
Disclaimer: Stock investments are subject to market risks. Please consult your financial advisor before making any investment decisions.
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JSW Energy