Macquarie initiates coverage on power stocks: NTPC, PFC, REC, and Power Grid could give 18-30% return

Macquarie initiates coverage on India's power sector giants, expressing optimism for NTPC, PFC, REC, and Power Grid. The brokerage cites their roles in energy security, renewable transition, and power financing as key growth drivers, assigning "Outperform" ratings and predicting significant upside potential for each company.