Energy Stocks to BUY: Amid rising geopolitical tensions in West Asia and growing concerns over global energy security, investors are increasingly tracking companies linked to renewable energy and power infrastructure. The ongoing conflict involving the US and Iran has intensified fears around oil supply disruptions and rising crude prices, putting the spotlight firmly on energy stocks.
In response to the evolving energy crisis, Prime Minister Narendra Modi recently urged citizens to reduce dependence on petrol and diesel by increasing the use of metro rail, public transport, carpooling and electric vehicles. He also advocated reviving work-from-home practices, limiting foreign travel and discretionary spending such as gold purchases, while encouraging greater adoption of solar energy and natural farming. (Modi’s appeal to the nation)
While brokerages remain largely bullish on Waaree Energies due to its aggressive expansion strategy and clean-energy exposure, views on ABB India remain relatively mixed after margin pressures impacted its latest quarterly performance.
Brokerage Views on Energy Stocks
Nuvama maintains BUY
Nuvama has reiterated a ‘BUY’ rating on Waaree Energies with a target price of Rs 4,375, implying an upside potential of nearly 36.7 per cent from the current market price.
The brokerage believes the company’s “Waaree 2.0” strategy could accelerate growth towards the Rs 1 trillion revenue mark, translating into an estimated 30 per cent CAGR and surpassing its FY31 revenue estimate of Rs 705 billion.
Nuvama also highlighted the company’s strong balance sheet, healthy cash generation and net cash position of Rs 49 billion, which together support its ambitious Rs 330 billion capex roadmap.
Emkay sees 33% upside
Emkay has also maintained a ‘BUY’ rating on Waaree Energies with a target price of Rs 4,260, indicating a potential upside of around 33.1 per cent.
The brokerage highlighted the company’s backward integration strategy and diversification beyond manufacturing. It also noted that Waaree’s fully integrated non-FEOC supply chain positions the company strongly for growth in the US market.
According to Emkay, Waaree’s scale, market leadership and regional manufacturing expansion significantly reduce supply-chain risks and strengthen its long-term competitive advantage.
| Brokerage | Waaree Energies Target Price 2026 | Upside % |
| Nuvama | Rs 4,375 (BUY) | ~37% |
| Emkay | Rs 4,260 (BUY) | ~33% |
HDFC Securities maintains ADD call
The brokerage has maintained an ‘ADD’ call for the stock, with the target price set at Rs 6,996. The price traget given reflects an upside of 12.5 per cent from the current price level.
The brokerage highlights that Q1 missed estimates due to execution delays, forex and commodity inflation. Strong order backlog led by data centres and railways. Earnings cut, but valuation multiple raised on improving long-term data centre demand visibility.
Motilal Oswal Downgrades Stock to Neutral
On the other hand, Motilal Oswal downgraded ABB India to ‘Neutral’ following weak margin performance across segments despite healthy order inflows. The brokerage maintained a target price of Rs 6,600, indicating only a marginal upside of around 6 per cent from the current market level.
Nuvama Sees Downside Risk
Nuvama also downgraded the stock to ‘Reduce’, citing persistent margin compression and expensive valuations. The brokerage has set a target price of Rs 5,860, implying a downside of nearly 6 per cent.
Emkay Maintains REDUCE
Emkay maintained a ‘Reduce’ rating on ABB India after execution-related issues impacted Q1 performance. The brokerage has assigned a target price of Rs 6,400, suggesting a modest upside of around 3 per cent.
| Brokerage | ABB India Target Price 2026 | Upside/Downside % |
| HDFC Securities | Rs 6,996 (ADD) | 12.5% |
| Motilal Oswal | Rs 6,600 (Neutral) | 6% |
| Nuvama | Rs 5,860 (REDUCE) | -6% |
| Emkay | Rs 6,400 (REDUCE) | ~3% |
ABB India Share Price
As of 10:40 am, shares of ABB India were trading 2.5 per cent lower at Rs 6,222.50. The stock touched an intraday low of Rs 6,215.15, reflecting a decline of around 2.6 per cent from the previous close of Rs 6,382.45.
Waaree Energies Share Price
Meanwhile, Waaree Energies, with a market capitalisation of Rs 91,545 crore, was trading 0.7 per cent lower at Rs 3,185.15. The stock hit an intraday low of Rs 3,177.05 during the session, down nearly 1 per cent from its previous close.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
