3 power stocks to buy for one-year returns of up to 28%: Analysts

Power or electricity generating companies' stocks witnessed sharp decline in the past six months. Is there any opportunity to book profit amid this fall in the power industry? Domestic brokerages are bullish on three largecap stocks from the sector, expecting a potential upside of up to 28.34 per cent.

Power Stocks' Past Performance

Shares of Tata Power decreased 16.14 per cent in the last six months from Rs 436.7 to Rs 366.2, while Power Grid has experienced a fall of 16.31 per cent from Rs 340.75 to Rs 285.15. Meanwhile, the Torrent Power stock slumped 24.62 per cent from Rs 1768.05 to Rs 1,332.6.

Tata Power Share Price Target

ICICI Securities' analysts have recommended buying the Tata Power Company stock with a target of Rs 470 which implies a potential upside of 28.34 per cent as of Wednesday, February 5, 2025, closing at Rs 366.20. Another brokerage JM Financial also has a 'buy' stance on the Tata Group stock with a one-year target of Rs 456, expected up to 24.52 per cent gain.

Torrent Power Share Price Target

JM Financial has maintained a 'buy' call on Torrent Power shares with a target of Rs 1,593. According the brokerage, it could rise up to 19.54 per cent in the next 12 months.

Power Grid Share Price Target

JM Financial recommends buying Power Grid shares for a target of Rs 351. As of the given target, the could surge 23.09 per cent in the next one year.

(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)