Buy Energy Sector PSU Stock For Upto 26% Potential Gains, TP Rs 300: ICICI Direct

According to ICICI Direct, "NTPC has set out an aggressive renewable capacity addition plan to the tune of 16000 MW over FY24-FY26, which will scale up the green portfolio of the company and lead to rerating of the stock. Per year addition of 4000-5000 MW of renewable capacity and strong growth in regulated equity in the conventional thermal portfolio We estimate EBITDA and PAT to grow at 16.1%, and 16% CAGR respectively over FY2325E. We maintain our BUY rating on NTPC. We value the stock at Rs 300 per share (based on 1.8x FY25 Book Value)."

Stock's Market Price, Performance, 52-Week High & Low, & Market Cap

The current market price of NTPC stock on BSE is Rs 239.35 per share with an intraday high of Rs 240.45 and an intraday low of Rs 237.90.

The stock witnessed a decline of 0.93% in the past 1 week, while it jumped 28.6% in 3 months. It jumped 50.44% in the past 1 year. The stock soared 182.59% in 3 years. It gained 71.44% in 5 years.

Its 52-week high price is Rs 245.90 per share and its 52-week low price is Rs 155.05 per share. It has a market capitalisation of Rs 2,32,089.70 Crore.

About - NTPC

NTPC is India's largest power generation company with a total installed capacity of ~73000 MW at the group level as of FY23. NTPC has 17% of total installed capacity in India with 24% generation share. The company's vision is to become a 130 GW+ company by 2032 of which 60 GW would be contributed by renewable energy

Disclaimer - The stock has been picked from the brokerage report of ICICI Direct. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.