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Maharatna Stock Approves Dividend, PAT Up 5%, HDFC Securities Sees Shares Soaring, Buy

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Leading maharatna stock, NTPC Ltd has declared its Q3 results and interim dividend as well on January 28, 2023. The company has a market capitalisation of Rs 1,61,255.56 crore. Meanwhile, brokerage firm HDFC Securities has assigned buy call to NTPC Ltd with a target price of Rs 192 apiece implying a return of 16% if investors buy NTPC shares at current market price of Rs 166.30 apiece. Check key details below:

 

1. Board of NTPC Ltd Approves Interim Dividend

1. Board of NTPC Ltd Approves Interim Dividend

According to the company's regulatory filing, "Board of Directors in its aforesaid meeting decided, inter alia, to pay interim dividend at the rate of 42.50 % (Rs. 4.25 per share) on the face value of paid-up equity shares of Rs. I 0/- each for the financial year 2022-23."

Earlier, the company has fixed Saturday, February 4, 2023 as the 'RECORD DATE' for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend.

2. NTPC Q3 Result
 

2. NTPC Q3 Result

NTPC Ltd announced net profit of Rs 4854.36 crore for the October to December quarter of FY 2023, approximately up 5% more as compared to Rs 4626.11 crore reported in the year ago period.

The Profit After Tax (PAT) surged by 6.18% from 4,498.58 crore in Q3 FY2022. The revenue from operations also surged 37% on year to Rs 41,410.50 crore.

The state-owned company's operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), soared 36% YoY to Rs 13,239 crore.

However, operating margin fell 16 basis points to 31.97%. The company also approved an interim dividend of Rs 4.25% or 42.50% for the current financial year. 

3. NTPC Return & Stock Performance

3. NTPC Return & Stock Performance

Stock Performance: The last trading price of NTPC Ltd is Rs 166.30 apiece with an intraday surge of 0.21% on BSE. The stock's 52-week high is Rs 182.80 apiece and 52-week low is Rs 123.70 apiece, respectively.

Return: The stock has given 11% return in last 6-months, 23% in last 1-year, and 47% in last 3-years. The stock declined 2.55% in last 3-months.

4. HDFC Securities Assigns Buy Call To NTPC Ltd

4. HDFC Securities Assigns Buy Call To NTPC Ltd

The brokerage is bullish on NTPC Ltd and has recommended investors to buy NTPC Ltd with a target price of Rs 192 apiece. The current market price of NTPC is Rs 169.35 apiece with intraday surge of 1.04%. If you buy NTPC Ltd now, you will potentially receive 16% return and interim dividend as well.

5. About NTPC Ltd

5. About NTPC Ltd

NTPC is India's largest power utility with an installed capacity of 71,544 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC aims to be the world's largest and best power major.

NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power projects and generating electricity.

The company is committed to generating reliable power at competitive prices in a sustainable manner, according to its official website.

Disclaimer

Disclaimer

The stock gives details about interim dividend and Q3 results. Greynium Information Technologies, the Author, and HDFC Securities 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.

Story first published: Saturday, January 28, 2023, 20:09 [IST]
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