Today, we recommend two stocks, both from the renewable energy sector, recommended by the Trade Brains Portal, to buy for an upside potential of more than 27%. We also analyzed the market’s performance on Tuesday to understand what may lie ahead for the stock indices in the coming days.
1. JSW Energy Ltd
- Current price: ₹527
- Target price: ₹625
- Upside: 18.56%
- Time frame: 12-14 Months
Why it’s recommended: JSW Energy Ltd. is one of the leading private sector power producers in India and part of the JSW Group, which has a significant presence in sectors such as energy, infrastructure, cement, and sports, among others.
JSW Energy has established its presence across the value chains of the power sector with diversified assets in power generation, transmission, and trading. JSW Energy began its commercial operations in FY2000, with the commissioning of its 2×130 MW thermal power plant at Vijayanagar.
The company is presently constructing various power projects to the tune of 12.8 GW, with a vision to achieve a total power generation capacity of 30 GW by 2030.
As of Q4 FY25, the company’s total renewable energy capacity was 12,527 MW, with wind at 5,009 MW, hydro at 1,631 MW, solar at 3,589 MW, and hybrid at 2,298 MW. Of the total renewable capacity, operational capacity is at 5,217 MW, and under construction at 7,310 MW.
It commissioned 1.3 GW of organic wind capacity in FY25 (the highest in the sector), which is about one-third of India’s wind capacity addition of 4.2 GW. It also acquired the 3.6 GW KSK Mahanadi Plant through the NCLT route, Utkal 700 MW was fully commissioned, and a PPA was signed with WBSEDCL for a greenfield 1.6 GW supercritical plant.
The company completed the acquisition of a 4.7 GW RE platform from O2 Power, of which the transaction was consummated on April 25 with an operating capacity of 1.34 GW. Furthermore, it raised Rs 5,000 crore in growth capital through QIP from marquee institutional investors to accelerate growth.
Its cumulative incremental capital expenditure of approximately Rs 130,000 crore over FY2026-FY2030. The company’s generation capacity has grown with a CAGR of 24%, from 4,559 MW in FY21 to 10,875 MW in FY25. It is planning to triple the generation capacity to reach 30,000 MW by FY30.
It is also targeting to reach 40 GWh in energy storage by FY30. The company posted strong financial performance for FY25, with its revenue from operations growing from Rs 11,486 crore in FY24 to Rs 11,745 crore in FY25, up 2.3% YoY. Its net profit grew by %, from Rs 1,725 crore in FY24 to Rs 1,983 crore in FY25, up by 14.9% YoY.
Risk Factor: JSW Energy faces risks related to project execution, including delays in land acquisition and transmission infrastructure. Additionally, its reliance on state distribution companies in Andhra Pradesh, Karnataka, Haryana, Himachal Pradesh, Maharashtra, Madhya Pradesh, Punjab, Uttar Pradesh, Rajasthan, and Telangana exposes it to counterparty credit risks, given the mixed credit profiles of these DISCOMs.
2. Adani Green Energy Ltd
- Current price: ₹1,015
- Target price: ₹1,310
- Upside: 29.06%
- Time frame: 12-14 Months
Why it’s recommended: Adani Green Energy, based in Ahmedabad and established in 2015, operates across the renewable energy value chain by developing, owning, and managing grid-connected utility-scale solar, wind, and hybrid power projects.
The company also focuses on battery energy storage systems and hydro-pumped storage. As of March 31, 2025, its portfolio included 14,243 MW of operational renewable capacity across 12 Indian states with favorable renewable energy potential. With 54 projects completed and 12 currently ongoing, AGEL has expanded its reach significantly.
The company holds the largest renewable portfolio in the country with 14.2 GW, having added 3.3 GW of capacity during FY25, the highest by any player in the sector. It signed a 25-year power purchase agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) to deliver 5 GW of solar power.
AGEL secured $444 million in funding and finalized a joint venture with TotalEnergies for a 1,150 MW renewable portfolio. It also signed its first commercial and industrial (C&I) contract to supply 61 MW of green power to a Google data center. The company refinanced a $1.06 billion construction facility with a 19-year amortizing structure designed to align with PPA-linked cash flows.
AGEL aims to scale its renewable energy capacity from 14.2 GW to 50 GW by 2030, led by the development of the world’s largest renewable energy plant, a 30 GW facility in Khavda.
The company’s operating revenue grew 22% year-on-year to Rs 11,212 crore in FY25, while EBITDA also rose by 22% to Rs 8,818 crore. Profit after tax jumped 59%, increasing from Rs 1,260 crore in FY24 to Rs 2,001 crore in FY25. Out of the 33 GW pipeline, 25% comprises merchant and C&I projects with Contracts for Differences (CFDs), while the rest will be negotiated with DISCOMs and other partners.
Risk Factor: Supply chain disruptions and growing raw material costs are two of AGEL’s problems. The manufacture of solar panels may be impacted by the worldwide shortage of semiconductors and the volatility of polysilicon pricing.
Furthermore, AGEL might have to spend money on compliance efforts due to legislative changes in India, such as tighter environmental standards. Global commodity prices may be impacted by geopolitical issues, such as Middle East tensions and trade conflicts between the United States and China, which could have an indirect effect on AGEL’s project costs.
Market Recap, July 1st, 2025
On Tuesday, the Nifty 50 opened flat at 25,551.35 and traded in the green for most of the session, ending the day with a modest gain of 24.75 points, or 0.10%, to close at 25,541.80.
The RSI stood at 64.29, comfortably below the overbought level of 70. The index also finished above all four key moving averages—the 20, 50, 100, and 200-day EMAs on the daily chart.
A similar trend was seen in the BSE Sensex, which opened at 83,685.66, touched an intraday high of 83,874.29, and closed at 83,697.29, up by 90.83 points, or 0.11%. The RSI for the Sensex was 63.03, and it too remained above all four major EMAs. Investor sentiment on Tuesday was buoyed by renewed interest in select IPOs, strong sectoral movements, and solid macroeconomic indicators.
Most sectoral indices ended in the green. The Nifty PSU Bank Index extended its winning streak to a sixth consecutive session, rising 51.20 points, or 0.71%, to close at 7,253.0.
The gains were driven by stocks like Indian Overseas Bank, which climbed 2.5%, along with Punjab National Bank and Bank of Maharashtra, both up over 2%. Other contributors included Bank of India, Central Bank of India, and UCO Bank, which gained up to 2.5%.
The Nifty Oil and Gas Index added 57.80 points, or 0.49%, ending the day at 11,858.75. Top performers in this segment were Reliance Industries and GSPL, both up over 1.5%.
The Nifty Infra Index also closed higher by 41.90 points, or 0.45%, at 9,451.25, supported by gains in Apollo Hospitals, which surged more than 3%, and Siemens Ltd. and Reliance Industries, which rose 2.20% and 1.85%, respectively.
On the flip side, the Nifty Media Index was among the biggest losers, falling by 23.05 points, or 1.32%, to close at 1,731. The drop was led by declines in stocks such as Zee Entertainment, Network 18 Media, DB Corp, and Saragama India, which fell by up to 3%.
The Nifty FMCG Index also ended in the red, dropping 380.95 points, or 0.69%, to settle at 54,502. Major laggards included Nestle India, United Spirits, Britannia Industries, and Radico Khaitan, each losing around 2%.
Asian markets closed on a mixed note. South Korea’s Kospi ended higher by 17.95 points, or 0.58%, at 3,089.65. Japan’s Nikkei 225 slipped 501 points, or 1.24%, to close at 39,986.
Meanwhile, China’s Shanghai Composite Index gained 13.32 points, or 0.39%, ending the day at 3,457.75. As of 4:30 p.m., Dow Jones Futures were trading lower by 44 points, or 0.10%, at 44,050.
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