Budget 2025: Tata Power, NHPC, NTPC to JSW Energy, power stocks you may consider...

With just one day to go for the Budget 2025, Finance Minister Nirmala Sitharaman will present the Economic Survey today. The Narendra Modi government has been aiming to boost the country's power sector by announcing various schemes.

As the Modi government aims to achieve 500 GW of renewable energy capacity by 2030, with a long-term vision of 1800 GW by 2047, the power sector anticipates multiple reforms by the government. The Union Budget 2025 will also play a crucial role in shaping investor sentiment in the power sector.

Many investors are assessing multiple power stocks to buy before the Budget 2025. These include notable power stocks like - NHPC, NTPC, Tata Power and more. So, what power stocks should you buy before Union Budget 2025?

As per brokerage house CLSA, investors should be selective buying these stocks. The brokerage house has further noted that power demand is cyclical not structural.

Power stocks to buy: Brokerage house CLSA has maintained outperform rating for NTPC, NHPC, and CESC. Here are the target prices:

1. NTPC share price target: Maintaining an Outperform rating, CLSA has assigned a target price of Rs 459 for NTPC.

2. NTPC share price: At around 12:06 PM on Thursday, NTPC shares were trading in the positive bias at Rs 322.75 per share, up +1.55 points or 0.48% against the previous close of Rs 321.20 per share.

3. NHPC share price target: For NHPC, the brokerage house has maintained a target price of Rs 120. 

4. NHPC share price: At the time of writing this article, NHPC shares were trading in the green at Rs 76.16 per share, up 1.53 or 2.05% against the previous close of Rs 74.63 per share.

5. CESC share price target: Brokerage house CESC has assigned a target price of Rs 195 for CESC.

6. CESC share price: At around 12:08 PM yesterday, CESC shares were trading at Rs 140 per share, up +1.40 points or +1.01% against the previous close of Rs 138.60 per share.

(Disclaimer: The above article is meant for informational purposes only with no claim on the assumptions. OTV advises you to properly consult your financial advisors before making any money related decisions.)