“Macquarie initiated coverage on JSW Energy with an 'Outperform' rating and a target price of ₹720 per share. The firm's positive view is underpinned by the dual-track evolution of India's power sector, with renewables driving capacity growth and a significant capex cycle in transmission and energy storage.”

Macquarie Analysis’s track record (trackable calls only): 9 graded calls · 95% CI 0–30%