Today's presentation of the Economic Survey by Finance Minister Nirmala Sitharaman comes just one day before the Budget 2025 is due. Through the announcement of numerous initiatives, the Narendra Modi administration has been working to strengthen the nation's power industry.

The power industry expects the Modi administration to implement a number of reforms as it seeks to reach 500 GW of renewable energy capacity by 2030, with a long-term goal of 1800 GW by 2047. The Union Budget 2025 will also have a significant impact on how investors feel about the power industry.

Many investors are assessing multiple power stocks to buy before the Budget 2025. These include notable power stocks like - NHPC, NTPC, Tata Power and more. So, what power stocks should you buy before Union Budget 2025?

As per brokerage house CLSA, investors should be selective buying these stocks. The brokerage house has further noted that power demand is cyclical not structural.

Power stocks to buy: Brokerage house CLSA has maintained outperform rating for NTPC, NHPC, and CESC. Here are the target prices:

1. NTPC share price target: Maintaining an Outperform rating, CLSA has assigned a target price of Rs 459 for NTPC.

2. NTPC share price: At around 12:06 PM on Thursday, NTPC shares were trading in the positive bias at Rs 322.75 per share, up +1.55 points or 0.48% against the previous close of Rs 321.20 per share.

3. NHPC share price target: For NHPC, the brokerage house has maintained a target price of Rs 120. 

4. NHPC share price: At the time of writing this article, NHPC shares were trading in the green at Rs 76.16 per share, up 1.53 or 2.05% against the previous close of Rs 74.63 per share.

5. CESC share price target: Brokerage house CESC has assigned a target price of Rs 195 for CESC.

6. CESC share price: At around 12:08 PM yesterday, CESC shares were trading at Rs 140 per share, up +1.40 points or +1.01% against the previous close of Rs 138.60 per share.