Today, we recommend two stocks, one from the green energy sector and another from the defence sector, as recommended by the Trade Brains Portal, for a potential upside of more than 25%. India’s renewable energy sector is witnessing strong growth, marked by substantial additions in solar and wind power capacity, as the country works toward its goal of reaching 500 GW of renewable energy by 2030.
India’s defence production has grown at an extraordinary pace since the launch of the “Make in India” initiative, reaching a record Rs 150,590 crore in FY25, with defence exports rising to an all-time high of Rs 23,622 crore in FY25. We also analysed the market’s performance on Friday to understand what may lie ahead for the stock indices in the coming days.
1. NTPC Green Energy Ltd
- Current price: Rs 104
- Target price: Rs 130
- Upside: 25%
- Time frame: 12-14 months
To view the report for the stock mentioned above or explore other stock recommendations, click here
Why it’s recommended
NTPC Green Energy Ltd. (NGEL) is India’s largest renewable energy public sector company (excluding hydro) by operating capacity and serves as the central platform for NTPC’s green energy initiatives. NGEL is spearheading NTPC’s push towards achieving its ambitious target of 60 GW of renewable energy capacity by FY32, focusing on both organic and inorganic growth.
The company operates across a diversified portfolio, including solar, wind, hybrid power, energy storage, and green hydrogen. In FY25, it reported operating revenue of Rs 2,210 crore, up 12.5% from Rs 1,963 crore in FY24. EBITDA rose 19.4% to Rs 2,173 crore, and profit after tax increased 38% to Rs 474 crore. As of June 30, 2025, the company operates 30 solar projects and 4 wind projects, with a development pipeline totalling 9,080 MW.
NTPC Renewable Energy Ltd., NGEL’s wholly owned subsidiary, won a 500 MW solar power project under SECI’s 2,000 MW ISTS-connected solar auction. It is also participating in auctions for 1,000 MW / 4,000 MWh of energy storage systems.
The company signed an MoU with the Bihar Industries Department to develop green hydrogen mobility projects, floating and ground-mounted solar installations, and battery energy storage in the state. Additionally, it was awarded a 1,000 MW solar PV project by Uttar Pradesh Power Corporation Ltd.
As of April 2025, NGEL’s order book included 9.8 GW of solar, 3.5 GW of hybrid, and 0.2 GW of wind projects through competitive tariff-based bidding. In Q1 FY26, the company posted revenue from operations of Rs 680.21 crore, up 17.6% YoY. PBT rose 51% YoY to Rs 277.10 crore, and PAT surged 59% YoY to Rs 220.48 crore, from Rs 138.61 crore.
Risk factor
NTPC Green Energy faces risks of cost and schedule overruns across ~17.2 GW of under-construction capacity, including 13.5 GW under NGEL and subsidiaries, 1.9 GW in Ayana, and 1.8 GW in joint ventures. While it follows EPC execution models with provisions for liquidated damages, cost escalations in yet-to-be-awarded projects remain a concern. Additionally, long-term PPAs with financially weaker discoms pose a risk of delayed payments and elevated receivables.
2. Bharat Dynamics Ltd
- Current price: Rs 1,630
- Target price: Rs 1,995
- Upside: 22.39%
- Time frame: 16-24 months
To view the report for the stock mentioned above or explore other stock recommendations, click here
Why it’s recommended
Incorporated in 1970, Bharat Dynamics Limited is a government enterprise of the Ministry of Defence and a manufacturer of Surface-to-Air Missiles (SAM), Air-to-Air Missiles (AAM), Anti-Tank Guided Missiles (ATGMs), Torpedoes, and Allied Defence Equipment. The company has three manufacturing units. Their product portfolio includes Torpedo Advanced Lightweight, Varunastra, Medium Range Surface-To-Air – Air Missile, Dishani, Anti-Submarine Warfare Suite, and more.
The company reported revenue from operations of Rs 247.93 crore, reflecting a 29.7% YoY growth in Q1 FY26, compared to Rs 191.17 crore in Q1 FY25. The company reported PBT margin expansion, as it reported 6.91% in Q1FY26, compared to 3.78% in Q1FY25.
The company reported a PAT of Rs 18.35 crore for Q1FY26, marking an astounding jump of 154.11% YoY growth as compared to Rs 7.22 crore in Q1FY25. The company has received an order for the supply of one ATGM (Anti-Tank Guided Missile) from Armoured Vehicles Nigam Limited (AVNL) worth Rs 809 crore, to be executed over three years.
The company achieved production of Rs 3,767 crore in FY25 as against Rs 2,592 crore in FY24, registering a growth of 45%. It achieved a sales turnover of Rs 3,345 crore in FY25 as against Rs 2,369 crore of the previous financial year, registering a growth of 41%. PAT stood at Rs 550 crore in FY25, down -10.3% YoY due to a one-time provision for an onerous contract incurred of Rs 141.40 crore.
It recorded the highest ever export of Rs 1,270 crore during FY25, as against Rs 161 crore in FY24, registering a growth of about 689% YoY. The company has received new orders worth about Rs 6,668 crore for the supply of one of the Anti-Tank Guided Missiles (ATGM), the Medium Range Surface to Air Missile (MR-SAM) and other weapon systems to the Indian armed forces in FY25.
In FY25, the order book stood at Rs 22,814 crore, 6.8x of the FY25 revenue, which showed future growth visibility in revenue for the company. The company anticipates further new orders worth Rs 20,000 crore over the next 2-3 years as several orders are in the finalisation stages, ensuring robust future growth.
The company spent Rs 222.92 crore for R&D, which constitutes 6.66% of the sales turnover in FY25, higher than Rs 75.37 crore in FY24. The company is setting up additional manufacturing facilities at Ibrahimpatnam (near Hyderabad), Amravati in Maharashtra and Jhansi in UP, which will be used to manufacture SAMs (Surface-to-Air Missile), including new-generation Missiles, VSHORADs (Very Short Range Air Defence System), rockets and propellants for various ATGMs.
By 2030-31, the company aspires to achieve a turnover of Rs 10,000 crore, positioning itself as a premier manufacturer of strategic and tactical Defence solutions. Moreover, by 2029, the company aims to achieve 25% of its annual turnover from export business, focusing on Anti-Tank Guided Missiles (ATGMs), Surface-to-Air Missiles (SAMs), Air-to-Air Missiles (AAMs), Underwater Weapons, and Avionics Systems.
Risk factor
BDL relies heavily on the Ministry of Defence (MoD) as its primary customer. This concentration risk exposes the company to fluctuations in procurement policy, funding, or changes in the MoD’s requirements. The company is also subject to a number of procurement rules and regulations of the MoD, Government regulations and other rules and regulations.
Market Recap 19/09/2025
On Friday, the Nifty 50 opened on a negative note at 25,410.2, down -13.4 points from its previous close of 25,423.6. It reached an intraday high of 25,428.75 before ending the session at 25,327.05, registering a fall of -96.55 points or -0.38%. From a technical standpoint, the index continued to trade above its key EMAs of 20/50/100/200-day on the daily chart. The BSE Sensex mirrored this negative start, opening at 82,946.04, a fall of -67.92 points lower than its prior close of 83,013.96.
It moved within a similar range as the Nifty 50 before closing at 82,626.23, down by -387.73 points or -0.47%. Momentum indicators showed moderate strength, with the Relative Strength Index (RSI) for the Nifty 50 at 63.71 and for the Sensex at 62.36, both staying below the overbought threshold of 70. Meanwhile, the Bank Nifty Index also ended in negative territory, declining by -268.6 points or -0.48%, to close at 55,458.85.
On Friday, major gains were led by the Nifty PSU bank Index, which surged 93.75 points, or 1.3%, to close at 7,397.75. Union Bank of India advanced 2.7%, while other PSU bank stocks like UCO Bank, Canara Bank, and Indian Overseas Bank also posted gains of up to 2.4%. The Nifty Energy Index added 303.65 points, or 0.9%, to settle at 35,745.75.
Notable performers included Adani Power Ltd, Adani Total Gas Ltd, and Adani Green Energy Ltd, each rising as much as 12.4%, after market regulator SEBI gave a clean chit to the Adani Group and its founder Gautam Adani in a stock manipulation case. The Nifty India Defence Index also recorded moderate gains, climbing 46.65 points, or 0.6%, to finish at 8,318.3.
The Nifty Private Bank Index was the major loser, closing at 26,972.4 down -175.6 points or -0.7%. Stocks such as ICICI Bank Ltd fell by -1.4%, while Kotak Mahindra Bank Ltd and HDFC Bank Ltd plunged by up to -1.2%. The Nifty Consumer Durables index also followed the downtrend, losing -258.85 points or -0.7%, closing at 39,342. Cera Sanitaryware Ltd, Titan Company Ltd, Kajaria Ceramics Ltd and Crompton Greaves Consumer all fell up to -1.3%.
Asian markets mostly ended on a negative note on Friday. China’s Shanghai Composite Index fell slightly, down by -11.56 points or -0.3% to close at 3,820.08. In contrast, Hong Kong’s Hang Seng Index saw a slight upside, gaining 0.25 points to finish at 26,545.1. South Korea’s KOSPI Index recorded a decline, losing -16.06 points or -0.46%, to close at 3,445.24.
Japan’s Nikkei 225 Index also moved lower, losing -257.62 points or -0.57%, to end the day at 45,045.81. Meanwhile, as of 4:50 p.m. IST, US Dow Jones Futures were trading marginally lower at 46,494, down -22 points or 0.045%. This week, the Nifty gained 0.85%, or 213.6 points, closing above the 25,300 level.
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