Buy NTPC, target Rs 200; to report robust RE growth of 54% over FY17-19: CLSA
The company’s proposed fixed cost pooling will enhance competitive advantage, said CLSA
The brokerage house CLSA has maintained buy rating on NTPC with a target price of Rs 200 per share.
The company’s proposed fixed cost pooling will enhance competitive advantage, said CLSA.
The firm expects the FCP could entitle the company to PLF incentives and will add 4-8 percent to FY19 EPS.
It also expects the company will report robust RE growth of 54 percent over FY17-19.
It also highlighted that the valuations are compelling and the stock trades at 6-year average PE.
At 11:28 hrs NTPC was quoting at Rs 176, up Rs 0.85, or 0.49 percent.
The share price increased by 20 percent in the last one year.Posted by Rakesh Patil