JM Financial Services recommends buying NTPC, Metro Brands, and Delhivery, expecting up to 25% upside in the next 12 months. NTPC's capacity addition, commissioning of its pumped hydro storage plant, and foundation of its first nuclear power plant support energy security. Metro Brands' partnership with Clarks is seen as a step in the right direction, while Delhivery's acquisition of Ecom Express is expected to bring significant re-rating as headwinds recede.
June 19, 2025
JM Financial Services has recommended buying shares of NTPC, Metro Brands, and Delhivery, expecting up to 25% upside in the next 12 months. The analyst firm believes that these companies' recent developments and strategic moves position them well for growth.
NTPC
NTPC, India's largest power generation company, has seen its share price slip 4% to ₹321.35 on the BSE, amidst heavy trading volumes. However, the company's strong capacity addition and strategic projects, such as the commissioning of its first pumped hydro storage plant and the foundation of its first nuclear power plant, support its energy security and growth prospects [2]. JM Financial Services maintains a BUY rating on NTPC with a target price of ₹390, valuing it at 2.3x Mar’27 regulated equity [2].
Metro Brands
Metro Brands' share price surged 5% after announcing a long-term exclusive partnership with British footwear label Clarks, marking Clarks' official re-entry into the Indian market. The partnership is expected to enhance Metro Brands' brand offerings and strengthen its retail presence. The company recently reached a key milestone by launching its 900th store in India [5].
Delhivery
Delhivery's acquisition of its rival Ecom Express has been approved by the Competition Commission of India (CCI). The acquisition is expected to bring significant re-rating as headwinds recede. Delhivery had announced the acquisition in April, paying Rs 1,407 crore for Ecom Express [3, 4].
References
[1] https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/ntpc/NTP
[2] https://www.business-standard.com/markets/news/ntpc-down-4-on-huge-volumes-over-100-mn-shares-change-hands-on-bse-nse-125062400308_1.html
[3] https://m.economictimes.com/tech/startups/cci-approves-delhiverys-acquisition-of-ecom-express/articleshow/121911535.cms
[4] https://economictimes.indiatimes.com/tech/startups/cci-approves-delhiverys-acquisition-of-ecom-express/articleshow/121911535.cms
[5] https://www.angelone.in/news/metro-brands-share-price-rises-5-percent-on-june-24-after-exclusive-clarks-partnership
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