- January 16, 2026
- Posted by: Tresmark
- Category:
Shares of Nishat Power Limited (NPL) and Nishat Chunian Power Limited (NCPL) continued to outperform the broader market following strong momentum from NexGen Auto’s expanding footprint in Pakistan’s hybrid SUV segment.
The recent launch of the Jaecoo J5 HEV, priced aggressively within the mass-market sedan range, has strengthened investor sentiment around NexGen Auto, in which NPL and NCPL each hold a 33% stake. Early bookings for the Jaecoo lineup have remained robust, reinforcing expectations of meaningful earnings contribution in FY27.
According to research estimates, NexGen Auto could add ~PKR 10.4/share to NPL and ~PKR 10.05/share to NCPL under base-case assumptions, supporting the stocks’ recent gains. Both companies have significantly outperformed the KSE-100, aided by strong liquidity positions and improving Shariah compliance prospects.
Market participants view the current pricing of the Jaecoo J5 as a temporary demand catalyst, with longer-term upside hinging on sustained volumes, margin normalization, and easing auto financing conditions.
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