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Top power stocks: Jaiprakash Power vs Suzlon vs Vedanta Power vs Reliance Power vs Inox Wind | Experts' views, target

By · Published by Everything Blog

In short

Seema Srivastava of SMC Global Securities recommends allocating capital toward market leader Suzlon Energy for its net-cash balance sheet, alongside Inox Wind as an aggressive turnaround opportunity. Conversely, analysts warn market participants to steer clear of Jaiprakash Power Ventures and Reliance Power because of heavy promoter pledges and earnings cyclicality. Technical analyst Mahesh M Ojha of KC Securities has mapped out actionable trading ranges, setting potential upside targets as high as ₹74 for momentum leader Inox Wind.

Key points

  • Analysts recommend avoiding Jaiprakash Power Ventures and Reliance Power due to high prom…: Analysts recommend avoiding Jaiprakash Power Ventures and Reliance Power due to high promoter pledge levels and sentiment-driven price moves.
  • Suzlon Energy is favored for its strong net-cash balance sheet, holding potential to reac…: Suzlon Energy is favored for its strong net-cash balance sheet, holding potential to reach price targets of ₹42 and ₹48.
  • Vedanta Power provides a defensive utility alternative with technical upside targets plac…: Vedanta Power provides a defensive utility alternative with technical upside targets placed at ₹42 and ₹45 per share.

Sources checked by our analysis pipeline: 1

Jaiprakash Power Ventures vs Suzlon Energy vs Vedanta Power vs Reliance Power vs Inox Wind: Amid the soaring Indian stock market, renewable energy stocks witnessed strong buying on Monday. Jaiprakash Power Ventures share price today opened higher and touched an intraday high of ₹13.75 apiece, logging over a 7% intraday rise against the previous close of ₹12.72. Suzlon Energy share price surged over 4%, Vedanta Power share price rose 7%, Reliance Power shares added around 5%, and Inox Wind share price is up over 11% today. This might have made the situation tricky for stock investors looking for a renewable energy stock amid the current turnaround on Dalal Street.

According to market experts, high-risk investors may look at pure-play wind energy plays such as Inox Wind or Suzlon Energy shares, whereas those who want to play it safe are advised to look at Vedanta Power shares. They advised investors to avoid Jaiprakash Power Ventures and Reliance Power. They said that Jaiprakash Power Ventures suffers from high promoter pledge levels and cyclical earnings drops, while Reliance Power trades strictly on high-beta…

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