Shares of JSW Energy rose by 4.8% after Morgan Stanley gave an ‘overweight rating’ with a target price of Rs 545. The brokerage cited strong market share gains and projected an EBITDA CAGR of 24% for FY24-28. JSW Energy’s renewable energy segment is expected to grow EBITDA by 52%. Despite recent profit declines, the stock showed a modest yearly increase.
Mukesh Ambani’s new energy, AI gamble could unlock $60 billion value for Reliance shareholders
Morgan Stanley projects Reliance Industries’ market value could jump by $60 billion by integrating its new energy business with AI. RIL plans to transform its