The brokerage firm has given the target price of 365 as compared to the current market price of 333.
“We believe that with the recent price corrections, the current CMP provides a good entry point. 365/Share, Implying an upset of 10% from the CMP, “The Firm said in a note.
The PSU Stock has reminded in red in the Near-Term AMID VOLATIL MARKET. NTPC Share Price Saw a Sharp Decline of 4 per cent in a month and over 10 per cent in one year. However, the psu share has given multibagger returns to its long-term investors by so far than more than 250 per cent in five years.
Why Axis Securities Bullys on NTPC Stock?
The 3.23 Lakh Crore Market Cap Company has expansion plans in the pipeline. The company has a target of 25 gw of thermal capacity additions, out of which 16.9 gw is currently under construction.
NTPC has an ambyous target of 60 gw of re capacity by 2032. Currently, it has 6.8 gw of installed re capacity, 18 gw of contraced and awarded out of which 14.6 gw is consstructure and 9 gw of pipeline Capacity, the majority of which is through ngel.
In line with the national target of 100 gw of nuclear capacity by 2047, ntpc has an ambitious target to develop 30 gw of nuclear projects. The government has approved Ashvini, A JV to Build, Own and Operate Nuclear Power Plants.
Further, the company is also in the process of executing the Mahai Banswara Rajasthan Atomic Power Projects, Compressing 4×700 mw reactors. In Jan’25, It Incorporated NTPC Parmanu Urja Nigam Limited as a a which owned subsidiary to explore advanced nuclear technologies, incision pressurized water reactions, SMALL MORALL MORALL MORALL MORANCERS Fast-breding reactors.
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