Maharatna Power Sector Stock To Go Ex-Dividend Next Week, Sharekhan Assigns Call

Shares of large cap Maharatna stock, NTPC Ltd will go ex-dividend next week on September 11, 2023. Current market price of NTPC share is Rs 240.35 apiece with intraday jump of 2.65%. NTPC stock traded its new 52-week high today (September 8, 2023). Meanwhile, brokerage firm Sharekhan, in its research reporte dated August 25, assigned buy call with target price of Rs 260 per share. If you buy NTPC stock now, you can fetch likely return of 8.35%. Check details below:

NTPC Ltd Dividend: As per the BSE filing of NTPC dated July 20, "Pursuant to the Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of disclosure dated 19'" May 2023, it is hereby informed that the Company has fixed Friday. 11'" August 2023 as Record date for the purpose of ascertaining the entitlement of Members for the Final Dividend of Rs. 3.00/- (Rupees Three only) per share (on the face value of Rs. 10/- each) on the equity shares of the Company for the financial year 2022-23 as recommended by the Board of Directors of the Company in their meeting held on 19'" May 2023."

NTPC Ltd Stock Outlook & Return: Last trading price of NTPC stock is Rs 240.35 apiece. Its 52-week high price is Rs 243.70 per share and 52-week low price is Rs 155.05 per share, respectively. Its market capitalisation is Rs 2,33,059.37 crore. NTPC shares witnessed a surge 43% YTD, gained 44% in last 1-year, offered return of 110% in last 2-years, and soared 165% in last 3-years.

NTPC Valuation: According to Sharekhan, "We maintain Buy on NTPC with an unchanged PT of Rs 260. At CMP, the stock trades at an attractive valuation of 1.3x FY25E P/BV and offers a healthy dividend yield of ~3-4%."

NTPC Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 43,390.02 crore, down 3.03% as against its last quarter total income of Rs 44,745.74 crore. It declared its recent quarter net profit after tax at Rs 4,228.01 crore.

NTPC About: NTPC is India's largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with presence in the entire value chain of the power generation business. NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India. NTPC is ranked No. 2 Independent Power Producer(IPP) in Platts Top 250 Global Energy Company rankings.

Disclaimer

The stock has been picked from the brokerage report of Sharekhan. 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 check with certified experts before taking any investment decision.