Brokerage recommendations are set to drive stock-specific action in today's trading session, with analysts issuing a mix of buy, hold and neutral calls across chemicals, power, energy and consumer sectors. According to reports from ET Now, stocks such as NTPC, JSW Energy, Adani Green Energy, Reliance Industries and Privi Speciality Chemicals are likely to remain in focus after fresh target price revisions and coverage initiations from Macquarie, Motilal Oswal, Goldman Sachs, HDFC Securities, Nuvama Research and Equirus. The recommendations provide key cues for traders and investors navigating the current market environment.
Macquarie has issued outperform ratings for multiple energy and power sector stocks, setting target prices of ₹720 for JSW Energy, ₹1,700 for Adani Green Energy, and ₹480 for NTPC. The brokerage also initiated coverage on Adani Power with a neutral rating at ₹230 and Adani Energy Solutions at ₹1,578. As reported by ET Now, these recommendations reflect the positive outlook for the energy and power sectors, with analysts maintaining optimistic views on the sector's prospects. NTPC emerges as Macquarie's top pick in the power sector, with an outperform rating and a target price of ₹480, implying a 35% upside from current levels. JSW Energy has been assigned an outperform rating with a target price of ₹720, implying a 26% upside from current levels. Power Grid has received a revised target of ₹400, up from ₹390 earlier, implying a 40% upside from current levels.
Macquarie sees India's power sector undergoing a dual-track evolution, with coal continuing to anchor baseload stability while renewables drive incremental capacity growth. Installed capacity is expected to expand from approximately 538 GW currently to around 900 GW by FY32. Peak power demand has already touched record highs of approximately 271 GW in May 2026, with the CEA anticipating a 6% power demand CAGR through 2030. On transmission infrastructure, the brokerage flagged significant investment ahead, estimating US $51 billion will be required by 2035-36 to resolve the geographic mismatch between renewable energy-rich states and major demand centres. Macquarie also pointed to the Draft National Electricity Policy 2026 and the Electricity Amendment Bill 2026 as key regulatory catalysts, with both aimed at improving discom financial health and enabling market-based electricity trading.
Motilal Oswal maintains a buy rating on Privi Speciality Chemicals with a target price of ₹3,900, while Goldman Sachs assigns a neutral rating to Honasa Consumer at ₹400. According to ET Now, these recommendations span across different sectors, with the chemicals sector showing positive momentum while the consumer sector receives more cautious assessments. The varied recommendations across sectors indicate selective stock picking by brokerages based on individual company fundamentals and market conditions.
Prince Pipes receives contrasting recommendations from different brokerages, with Nuvama Research maintaining a reduce rating at ₹232 and HDFC Securities also maintaining a reduce rating at ₹260. As reported by ET Now, the mixed analyst views on Prince Pipes highlight the divergent opinions among brokerages regarding the company's prospects. The unchanged target price from HDFC Securities suggests stability in the brokerage's assessment despite the negative rating.
Reliance Industries receives an upgrade to long from Equirus with a target price of ₹1,586, marking a positive development for the conglomerate. According to ET Now, this upgrade reflects improved analyst sentiment toward the company's prospects. The upgrade comes as part of the broader brokerage activity across multiple sectors, indicating selective optimism among analysts toward specific companies in the current market environment.
