Moneycontrol PRO

Buy NTPC; target of Rs 190: ICICI Direct

ICICI Direct is bullish on NTPC has recommended buy rating on the stock with a target price of Rs 190 in its research report dated August 02, 2022.

August 04, 2022 / 05:14 PM IST

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on NTPC

NTPC is India’s largest power generation company with a total installed capacity of 69134 MW at the group level. NTPC has 17% of total installed capacity in India with 24% generation share • The company’s vision is to become a 130 GW+ company by 2032 of which 60 GW would be contributed by renewable energy.


We maintain our BUY rating on the stock. We value NTPC at Rs 190 i.e. 1.3x FY24E book value.

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.

NTPC - 020822 - ic

Broker Research
first published: Aug 4, 2022 05:14 pm
ISO 27001 - BSI Assurance Mark