17 Nov 2025 | 5 Mins Read
Jefferies predicts 14% upside for this power utility stock
Flipitmoney
Jefferies initiated coverage on Torrent Power Ltd, assigning a 'Buy' rating with a ₹1,485 price target, implying a 14% potential upside. It noted steady earnings growth, high ROE, and low debt levels. Torrent Power's EBITDA grows at 8% CAGR in distribution and 13% in generation, driven by renewable energy projects. Shares ended at ₹1,306.60, down 13% in 2025 and 18% in the last 12 months.