As temperatures continue to rise, JM Financial has listed stocks under its coverage with an upside potential of up to 30%. Despite a relatively mild start to the summer, largely due to frequent rainfall from western disturbances, the recent shift in weather patterns has led to a steady rise in temperatures, boosting expectations of higher power demand.
JM Financial has a ‘Buy’ rating on Suzlon Energy with a target price of Rs 64 apiece, implying an upside potential of over 30% from the stock’s previous closing price of Rs 49.13. The multibagger stock has rallied around 11% in a week and 18% in one month. Over the longer term, it has delivered returns of 509% in three years and 1,037% in five years.
Inox Wind has an ‘Add’ rating from the domestic brokerage, with a target price of Rs 120 apiece, implying an upside potential of more than 28% from its previous closing price of Rs 93.41 on the NSE. The stock has gained around 8% in one week and over 17% in one month. Over the longer term, it has surged 289% in three years and 457% in five years.
JM Financial has a ‘Buy’ rating on CESC with a target price of Rs 196 apiece, implying an upside potential of nearly 20% from its previous closing price of Rs 163.35. The stock has gained around 5% in a week. Over the longer term, it has rallied 139% in three years and around 2,547% in five years.
Emmvee Photovoltaic Power has a ‘Buy’ rating with a target price of Rs 291 apiece, implying an upside potential of more than 13% from its last closing price of Rs 256.7 on the NSE. The stock has gained 16% in a week and is up 37% so far in 2026.
JM Financial has a ‘Buy’ rating on JSW Energy with a target price of Rs 614 apiece, implying an upside potential of more than 16% from its previous closing price. The stock has gained over 5% in one week. Over the longer term, it has rallied around 115% in three years and more than 450% in five years.
BHEL also has a ‘Buy’ rating from JM Financial, with a target price of Rs 345 apiece, implying an upside potential of nearly 18% from its previous closing price of Rs 292.50 on the NSE. The stock has gained around 10% in one week and 13% in one month. Over the longer term, it has rallied around 307% in three years and more than 534% in five years.
JM Financial has an ‘Add’ rating on Indian Energy Exchange (IEX) with a target price of Rs 145 apiece, implying an upside potential of more than 9% from its previous closing price of Rs 132.81 on the NSE. The stock has gained over 10% in one month. Over the longer term, it has declined more than 14% in three years but gained over 18% in five years.
Adani Green Energy has a ‘Buy’ rating with a target price of Rs 1,204 apiece, implying an upside potential of nearly 10% from its previous closing price of Rs 1,096.05 on the NSE. The stock has gained more than 27% in one month and 6% in one week. Over the longer term, it has risen more than 16% in three years but declined over 2.5% in five years.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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