Axis Direct has highlighted , and as its top conviction ideas in the power and utilities space, supported by strong capacity expansion plans, robust order books and improving operational visibility.

NTPC Ltd | BUY | Target price: Rs 400

NTPC continues to strengthen its position as India's largest power generator with consistent capacity additions. The NTPC group's installed capacity rose by 1,247 MW sequentially to 83,893 MW in Q2 FY26. The quarterly addition was driven by 684 MW of solar capacity, 250 MW of pumped storage (PSP), 220 MW of coal-based thermal capacity and 93 MW of wind energy. Advertisement

The 220 MW increase in thermal capacity was recorded after adjusting for the decommissioning of 440 MW at the Tanda plant. NTPC also commissioned 660 MW at the Khurja plant during th

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