India's JSW Energy rises as Jefferies raises price target

JSW ENERGY

17/03/2025 07:31

** Shares of JSW Energy JSWE.NS rise 3.2% to 530.35 rupees

** Brokerage Jefferies raises JSWE's price target to 700 rupees from 680 rupees, retains "Buy" rating

** JSWE should see 54% capacity growth to 15.7 GW from O2's 2.3 GW renewable energy acquisition, 350 MW Ind-Bharath coal, and 7.6 GW construction renewable energy projects - note

** Jefferies sees execution delays and aggressive bidding as risks

** Analysts have average rating of "Buy" with average price target of 617.38 rupees - LSEG

** JSWE down ~17% YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))