Maharatna PSU Stock: Dividend To Be Declared On 24-Oct, 2-Nov Record Date; NTPC Share Price Target?

One of the top power-generating companies in India is NTPC. NTPC is now India's largest integrated power company, with an installed capacity of approximately 76 GW. By 2032, the company hopes to grow to 130 GW in terms of generation and 600 BU in terms of fuel mix. May 2010 saw NTPC become a Maharatna corporation. According to Platts' list of the Top 250 Global Energy Companies, NTPC is the second-ranked Independent Power Producer (IPP). The company has expanded into other industries, including coal mining, ash utilisation, rural electrification, power trading, consulting, and training for power professionals.

NTPC Dividend

"It is hereby intimated that a Meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Thursday,24th October 2024 to, inter-alia, consider, approve and take on record the Un-audited Financial Results of the Company for the quarter and half year ended 30thSeptember 2024after these results are reviewed by the Audit Committee of the Board. Interim dividend on the equity share capital of the Company for the Financial Year 2024-25 may also be, inter-alia, considered in the same Meeting of the Board of Directors," said the company in a stock exchange filing.

"Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the Company has fixed Saturday, 2nd November 2024 as the "RECORD DATE" for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend, if declared by the Board. Further, pursuant to the changes introduced w.e.f. 1st April 2020 by the Finance Act 2020, in relation to the taxation of dividend, shareholders are being requested to refer to the communication uploaded for all the shareholders/prospective shareholders on NTPC website under the tab Investors

"Further, in terms of Code for Prevention of Insider Trading in the Securities of the Company, the Trading Window for transactions in the securities of the Company which was closed from 1st October 2024, shall remain closed until 26th October 2024 for the purpose of announcement of aforesaid results," the PSU company further informed stock exchanges.

NTPC Q2 Results Date

"In terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that NTPC Ltd. will hold a conference call on October 24, 2024, wherein Senior Management team of NTPC Ltd. will discuss the Company's results for Q2 FY25 and interact with the Analysts and Investors. For further details, please refer to NTPC website," the company said in a stock exchange filing.

NTPC Share Price Target

KKunal V Parar - VP of Technical Research and Algo at Choice Broking said, "The stock is currently showing a strong positive trend, supported by its 50-day moving average, which has been a reliable support level. Additionally, it is trading within an upward rising channel, further indicating bullish momentum. The stock is also in uncharted territory with above-average volume, suggesting a potential for a significant upward movement. The daily RSI is above 50, reflecting positive market sentiment. Based on this technical analysis, we anticipate a potential upside target of 455 to 500, with a strict stop-loss set at 400."

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