Moneycontrol PRO
Upcoming Webinar:Watch a panel of experts discuss: Challenges of continuously evolving regulation for Cryptocurrency, on 7th July at 3pm. Register Now

Buy NTPC; target of Rs 105: ICICI Direct

ICICI Direct is bullish on NTPC recommended buy rating on the stock with a target price of Rs 105 in its research report dated June 29, 2020.

June 30, 2020 / 12:18 PM IST
  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on NTPC

NTPC reported operationally decent Q4FY20 results. Despite lockdown impact in March 2020, the company posted better generation data vis-à-vis expectations. NTPC met its capacity addition target in FY20 and has aggressive additions plans in FY21-22E. Optically, PAT looks below estimates, which is on account of higher tax outgo on account of settlement of previous tax disputes to the tune of Rs 2660 crore under the Vivad se Vishwas scheme.


Valuations are 0.7x P/BV on FY22E. We would wait to turn buyers when some aggression is visible in renewable capacity addition.


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jun 30, 2020 12:18 pm
ISO 27001 - BSI Assurance Mark