Morgan Stanley Analysts Predict $550 Billion Capex in Next Decade as India Focuses on Building Energy Security.
Power Stocks Rally: NTPC, Power Grid, BHEL, Tata Power, and Torrent Power Surge Up to 6% on Morgan Stanley’s Bullish Calls and Target Price Upgrades.
Morgan Stanley Boosts Power Sector Sentiment: Upgrades BHEL to ‘Equal-Weight’, Sets Target at Rs 220; NTPC Rated ‘Overweight’, Target Hiked to Rs 390; Power Grid Target Raised to Rs 296. Analysts Upgrade Tata Power and Torrent Power: Target Prices Raised to Rs 308 and Rs 940 per Share, Respectively, Despite ‘Underweight’ Rating”.
“The brokerage firm anticipates a substantial capex of $550 billion in the coming decade as India prioritizes energy security. With escalating power demand and increasingly intricate supply-side constraints, utilities are favored over independent power producers (IPPs) by the firm.”