NTPC, JSW Energy Soar as Jefferies Predicts 2026 Power Sector Rebound

• NTPC and JSW Energy shares rose up to 4% after Jefferies named them top picks in the power sector.
• Jefferies expects power stocks to rebound in 2026, citing demand recovery after unseasonal rains dampened it.
• The brokerage highlights new projects, power purchase contracts, data center expansion, and EV sales as growth drivers.
• NTPC jumped nearly 4% to Rs 349.3, while JSW Energy rose 2.5% to Rs 514.55 on January 2.
• JM Financial noted weather sensitivity, predicting potential above-normal temperatures and a subpar 2026 monsoon.

Why It Matters: Jefferies' optimistic 2026 outlook for power sector, driven by demand recovery, boosts NTPC and JSW Energy.